Shares of NBCC India Ltd rose 4% earlier on March 29 after the company informed exchanges it had secured an order of Rs 146 crore from Sidbi.

The stock touched a high of Rs 32.35 per share and was trading at Rs 32.04 at 9:50 am, up 3.2% from its previous close.

According to exchange documents, the Small Industries Development Bank of India (Sidbi) has awarded Rs 1.46 crore jobs to state-owned NBCC for construction, reconstruction and facility management.

In a recent statement to the exchange, the company said it had signed a deal with Zambia’s Scirocco Enterprises Ltd to collaborate on constructing 1 lakh low- and mid-priced homes in the African country to address a worsening housing crisis there.

NBCC subsidiary HSCC (India) has won a work order of Rs 81.19 crore from the All India Institute of Medical Sciences (AIIMS) for the vertical expansion of a service area at its campus in New Delhi, according to a filing after the listing on Friday.

NBCC, the executive body responsible for the redevelopment of the three colonies of the GPRA, also recently announced that it has successfully conducted an e-auction of commercial building space at the World Trade Centre in Nauroji Nagar, New Delhi. In the recent auction, four buyers participated and purchased about 105,000 sq. ft. of built-up area for Rs 415.10 crore.

With this latest sale, the total area sold by NBCC for redevelopment projects has reached 15.49 lakh sq. ft. of GFA worth Rs 6,251.90 crore. The redevelopment project aims to provide modern and sustainable housing facilities for government employees in Delhi.