Shares of NBCC India hit a 52-week high of Rs 63.65 during the early trading hours on 6 September after the company won a Rs 2,000 crore order from Kerala State Housing Board.

The company signed an MoU (memorandum of understanding) with the Kerala State Housing Board to develop 17.9 acres of land parcels at Kochi’s Marine Drive.

On 4 September, the company received a work order for the construction of a transit camp at Minct Colony, Parel, Mumbai, along with a work order for designing, planning, and executing structural and non-structural repairs at Mint, Mumbai factory and renovation works and structural and non-structural repairs at residential quarters at Mint Premises with a total order value of Rs 20 Crore.

In August, the company won a work order worth Rs 66.32 crore from the Indian Medical Association for designing, planning, and executing the IMA House at Indraprastha, New Delhi, and is expected to be completed within 30 months.

NBCC India Ltd is a state-owned infrastructure enterprise that operates in three major segments, including real estate, engineering procurement & construction, and project management consultancy and comes under the Ministry of Housing and Urban Affairs.

At 11:46 am, the shares of NBCC India were trading at Rs 61 or 2.26% above its previous close on NSE.