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NBCC’s Arm Wins Rs 528 Crore Order for Haryana University, Shares Trade Flat

The company will design, supply, and install a rooftop solar system at the Bokaro Steel Plant in Jharkhand.

Shares of NBCC Ltd. are trading flat after touching a day’s high of Rs 178.90 on 14th August, despite the company announcing a Rs 528.21 crore order from the Directorate of Medical Education and Research in Haryana.

This order involves procuring bio-medical equipment and hospital furniture for Pt. Deen Dayal Upadhyaya University of Health Sciences in Karnal. This is the third order the state-run company has secured in the past week.

For the June quarter, the company reported a 38.5% increase in net profit to Rs 107.2 crore and an 11.3% rise in revenue to Rs 2,144.2 crore.

The company’s EBITDA grew by 60.6% to Rs 91.7 crore, with the EBITDA margin improving to 4.3% from 3% last year.

Earlier this week, NBCC secured two orders totalling nearly Rs 720 crore.

The first order was pegged at Rs 9.97 crore for the construction of a new building at the Institute of Company Secretaries of India, Hyderabad, by demolishing the existing building. The second order, won at Rs 710 crore, pertains to developing two land parcels on a self-sustainable basis for the Jhansi Development Authority at Jhansi.

Last week, NBCC announced it won a Rs 15,000 crore order from the Srinagar Development Authority to develop a satellite township over 406 acres in Bemina, Srinagar. This order is nearly half of the company’s market cap of Rs 33,000 crore.

At 1:01 PM, the shares of NBCC Ltd. were trading 0.92% higher at Rs 174.90 on NSE.

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