NBCC Secures New Orders Worth Rs 112 Crore

NBCC (India) Limited witnessed a surge in its share price, reaching an intraday high of Rs 92.20 on November 19, 2024. This uptick came on the back of the company securing multiple contracts worth Rs 112 crore from the ST & SC Development, Minorities and Backward Classes Welfare Department.

Details of the Orders

• High School to Higher Secondary School Upgrade: A Rs 22 crore project in Malkangiri for the upgradation of a high school to a higher secondary school with an arts stream.
• Ashram School Upgrades: Six projects for upgrading Ashram Schools to high schools at Nuapada and Koraput districts, each valued at Rs 15 crore.

These projects reinforce NBCC’s reputation for excellence in project execution and infrastructure development.

Diverse Business Segments Driving Growth

NBCC operates across three major business verticals:

1. Project Management Consultancy (PMC): The company specializes in providing end-to-end consultancy services for infrastructure projects.
2. Real Estate: NBCC undertakes development projects in residential and commercial spaces.
3. Engineering, Procurement, and Construction (EPC): The company delivers turnkey infrastructure solutions.

This diversified portfolio positions NBCC as a leader in India’s infrastructure development sector.

Q2 FY25: Strong Financial Performance

NBCC reported impressive financial results for Q2FY25, highlighting its robust operational and financial performance.

Key Highlights:

• Revenue Growth: Total revenue stood at Rs 2,458.73 crore, marking a 19.75% YoY growth.
• Profit Surge: Profit after tax rose to Rs 122.12 crore, a 53.43% YoY increase.

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.