NBCC Gains as it Secures Rs 100 Crore Order from SAIL for Developmental Projects

22 Sep 2023 , 01:23 PM

NBCC’s shares showed positive movement on September 22 following the announcement of a Rs 100 crore order from SAIL. The state-owned infrastructure consultant secured this order to conduct developmental projects in SAIL’s township and mines in Bhilai, Chattisgarh.

NBCC will provide project management consultancy on a deposit work basis for the assigned projects. This marks the fourth order won by NBCC in September.

NBCC specializes in construction, real estate development, and consultancy services for civil construction and infrastructure projects. In the April-June quarterly report, NBCC reported a net profit of Rs 77 crore, significantly improving from the net loss in the same period last year. The company also noted a 6.61% YoY increase in revenue, reaching Rs 1,918 crore.

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