Shares of NBCC (India) Ltd. fell by 1.5% after reaching a day’s high of Rs 117 on 10th October, despite the company announcing the award of Rs 198 crore from the SAIL Bokaro steel plant.

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

Last week, they secured an order from the National Highways Authority of India (NHAI) worth approximately Rs 101 crore.

This contract is for Project Management Consultant (PMC) services to construct a permanent office building for the NHAI’s regional offices (ROs) and project implementation units (PIUs).

Earlier this week, NBCC shares were trading ex-bonus, a proposal the company considered after 2017. On 31st August, the firm announced a bonus issue 1:2 and set 7th October as the record date.

Last month, their wholly-owned subsidiary, HSCC (India) Ltd, secured an order worth Rs 1,260 crore from the Union Ministry of Health and Family Welfare to establish an All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar.

Before this, the company signed a Memorandum of Understanding (MoU) with financially troubled MTNL Ltd. to collaborate on developing a positive land parcel of nearly 13.88 acres in New Delhi, with the project valued at Rs 1,600 crore.

At 2:46 PM, the shares of NBCC were trading 1.52% lower at Rs 114.40 on NSE.

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