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NBCC secures order worth ₹369 Crore from multiple entities

20 Feb 2024 , 11:10 AM

NBCC (India) Ltd. has received orders totaling ₹369.05 Crore from many clients.

According to an exchange filing on Monday, the business received an order of ₹331.9 Crore from the Rani Lakshmi Bai Central Agricultural University in Uttar Pradesh's Jhansi area for planned infrastructure development activities.

Following this development, the company’s counter rose to an intraday high of ₹147.40 on NSE.

The public sector corporation said it obtained its second order from Telangana's high court for the building of a single court complex and residential quarter in Adilabad district, totaling ₹12.2 Crore.

NBCC obtained its third order to renovate and furnish the Institute of Chartered Accountants of India Bhawan in Noida.

Since 1960, NBCC has been involved in the implementation of a variety of projects in areas such as institutional, housing, industrial and environmental, transportation, and power, among others, and while not funded by CSR, the corporation has also undertaken and completed a number of public welfare projects.

At around 10.30 AM, NBCC was trading 2.05% higher at ₹144.20, against the previous close of ₹141.30.

For feedback and suggestions, write to us at editorial@iifl.com


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