NBCC (India) shines bright: Secures orders worth Rs 212 crore

Indian headline indices continued their uptrend today, primarily driven by the robust performance of the real estate, consumer durables, and oil & gas sectors. NBCC (India) Ltd, a prominent player in the civil construction sector, gained attention with its recent announcement regarding substantial project awards to its wholly-owned subsidiary, HSCC (India) Limited.

The order is valued at Rs 75 crore and is related to the planning and procurement of hospital furniture, biomedical equipment, installation, and long-term maintenance for the under-construction University of Health Sciences in Karnal, Haryana.

Another order, valued at Rs 137 crore, encompasses the planning and procurement of hospital furniture, biomedical equipment, installation, and long-term maintenance for the under-construction Government Medical College in Mahendergarh and Pt. Neki Ram Sharma Government Medical College in Bhiwani, Haryana.

Shares of the company are currently trading at Rs 68.49 per share, having reached a 52-week high of Rs 74.30 per share on the BSE. In the past three months, the shares have climbed more than 50%, marking an impressive return of more than 100% over the last year.

Established in 1960 as a Government of India civil engineering enterprise, NBCC India Ltd, headquartered in Delhi, currently boasts Navratna CPSE status and has solidified its position as the undisputed leader in the construction sector.

The company’s operations span across three primary segments. Project management consultancy involves the execution of significant projects in various sectors, along with redevelopment projects for the government. Within the Engineering Procurement & Construction (EPC) segment, the company operates in a niche market, concentrating on the construction of chimneys and cooling towers specifically tailored for the power sector. NBCC is also engaged in the development of residential and commercial properties for both government entities and the general public.

Keep a close eye on this stock for the upcoming trading sessions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.