NBCC Hits 52-Week High as it Secures Rs 80 Crore Order for Visakhapatnam Port Renovation

16 Oct 2023 , 11:56 AM

NBCC’s stock price surged by 3%, reaching a 52-week high of Rs 65.35 during early trade on October 16. The government’s construction arm secured a significant order worth Rs 80 crore from the Visakhapatnam Port Authority.

The order pertains to renovating and refurbishing office buildings situated at Visakhapatnam Port. In a separate transaction this month, NBCC had previously bagged an order valued at Rs 25.19 crore from the Ali Yavar Jung National Institute of Speech and Hearing Disabilities (Divyangjan) in Mumbai.

This recent order involves constructing a permanent building for the newly approved composite regional center in Chhatarpur, Madhya Pradesh.

For feedback and suggestions, write to us at [e-mail]