NBCC (India) Limited has received new work orders totalling around ₹229.75 crore. These projects are part of the company’s regular business activities and reflect its ongoing growth in the construction and project management sectors.
The Ministry of Health & Family Welfare, Government of India, has assigned NBCC a large construction project at AIIMS Bilaspur.
The scope of the work includes:
– Construction of 72 residential units,
– Building 4 lecture halls for the Nursing College and Paramedical Sciences.
– Constructing a 204-bedded Boys Hostel and a 334-bedded Girls Hostel for undergraduate students.
– Installing a rooftop solar power system, including testing and commissioning. This project is valued at ₹148.40 crore.
NBCC has also been appointed to provide Project Management Consultancy (PMC) services for the construction of a new hostel, dining hall and other infrastructure at IIM Visakhapatnam’s permanent campus. This project is valued at ₹81.35 crore
These new work orders emphasise NBCC’s role in developing important infrastructure for educational and healthcare sectors across India.
NBCC (India) Limited, a public sector company under the Ministry of Housing and Urban Affairs, is based in New Delhi. It has 31 regional offices across India and handles a variety of projects both within India and internationally including countries like Iraq, Nepal and the UAE. The company is known for its work on major projects such as government property redevelopment, building roads, railway stations, hospitals, schools, offices and bridges along with industrial and environmental structures.
As of January 24, 2025, at 1:40 PM, NBCC’s shares are trading at ₹92.09 per share, up 0.054% from yesterday’s closing price. Over the last month, the stock has fallen by 1.19% and over the past year, it has declined by 0.93%. The stock has a 52-week high and 52-week low of ₹139 per share and ₹69.67 per share respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 24, 2025, 2:49 PM IST
Team Angel One
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