NBCC wins multiple orders worth Rs 235 crore

One of India’s leading construction companies, NBCC (India) Limited, is committed to sustainable development and creative solutions for infrastructure projects. The business has a track record of completing projects of the highest caliber in a variety of industries, including institutional, commercial, and residential buildings. India’s urban landscape has been significantly shaped by NBCC’s proficiency in project management, engineering, and construction services. In order to support the expansion and advancement of the country, NBCC, a government-owned organization, is dedicated to fostering accountability, openness, and efficiency in its operations.

NBCC was awarded the Rs. 235 crore projects

Once NBCC (India) receives three orders totalling Rs 235.46 crore, the company’s shares will likely make headlines. This includes projects for Power Grid, Mahatma Gandhi Kashi Vidyapith University, and Sampurnanand Sanskrit University.

Detailed information about orders totalling Rs. 235 crore

A contract worth Rs 44 crore was awarded by Mahatma Gandhi Kashi Vidyapith University Varanasi to build the multipurpose exam hall and innovation center. To repair and renovate the Panani Bhawan academic building, Sampurnanand Sanskrit University in Varanasi has awarded the company a contract worth Rs 5 crore.

The company, which also secured a contract worth Rs 186.46 crore, will renovate the Power Grid Corporation of India corporate office building, which is situated at Plot No.2, Sector 29, Gurugram, Haryana.

NBCC directors’ meeting on November 13

The company’s unaudited financial results for the quarter and a half that ended on September 30, 2024, will be approved by the board of directors at a meeting scheduled for November 13, 2024.

Stock update and performance for NBCC

The stock of NBCC is currently trading at Rs. 97.65 per share, down more than 2%. The stock crossed the double-digit number and reached a high of Rs. 101.70 per share today. The price of the shares increased by over 120% in the past year. On August 28, 2024, the share reached a 52-week high of Rs 139.83, and on November 28, 2023, it reached a 52-week low of Rs 42.53.

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.