NBCC Gets Rs 500 Crore Construction Contract From BIS

State-owned NBCC (India) Limited, the company known for its stronghold in project management consultancy and real estate, has landed a fresh Rs.500 crore contract from the Bureau of Indian Standards (BIS). This deal isn’t just another project in NBCC’s portfolio; it’s a boost because of the company’s role in shaping public infrastructure across India.

Pan-India Project with BIS

So, what’s NBCC’s plan for BIS? NBCC will be constructing buildings across multiple locations, including the BIS headquarters in New Delhi, the Central Laboratory in Sahibabad, and the National Institute of Training for Standardization (NITS) in Noida. It doesn’t end there, NBCC will also be working on the Northern Regional Laboratory in Mohali and the Bangalore Branch Laboratory in Bengaluru. All in all, it’s a project that will help NBCC expand across various states, covering everything from research and training facilities to central offices.

Expanding Portfolio

Interestingly, this BIS contract isn’t the only big news for NBCC lately. Just recently, they bagged an Rs.44 crore deal to build a multipurpose examination hall and innovation center at Mahatma Gandhi Kashi Vidyapith University in Varanasi. They’re also stepping in to renovate and restore the Panani Bhawan academic block at Sampurnanand Sanskrit University, also in Varanasi, under a Rs.5 crore contract.

But that’s not all, NBCC has been entrusted with a Rs.186.46 crore project to renovate the corporate office of Power Grid Corporation of India in Gurugram. These diverse projects will help build NBCC’s versatility and show that they’re not just about new builds but also can excel in renovation and restoration.

As of now, NBCC (India) Limited’s stock is trading at Rs.99.28, marking a 2.50% increase today. Year-to-date, the stock has risen by 81.93%, and over the past year, it has surged by 120.77%. 

Conclusion: For NBCC, landing the BIS contract is very positive, as it will help boost their reputation as a trusted partner for government and educational institutions alike. As NBCC continues to secure high-value projects across sectors, it’s clear the company is doing well.

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.