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NBCC Jumps on Bagging Rs 69 Crore Contract From Odisha Power Transmission Corporation

NBCC plans new construction involves a quarter complex consisting of hundred quarters.

After the company received the construction orders worth Rs 69.3 crore from Odisha Power Transmission Corporation (OPTCL), NBCC (India) advanced 2.54% to Rs 42.40.

New construction involves a quarter complex consisting of hundred quarters by demolishing an existing quarter of 224 in Bhubaneswar Bhoinagar located in district Khorda, Odisha.

The company has to provide civil engineering construction services. The shares held by the Government in the company is 61.75%.

On a consolidated basis, the net profit of NBCC went up by 34.1% to Rs 95.46 crore on 8.4%, hitting a high in net sales to Rs 2,013.08 crore on September 21 over September 22.

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