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NBCC Shares Gain 1% on Bagging Orders Worth Rs 235 Crore

The company said that they had secured a work order to construct buildings at BIS headquarters, New Delhi.

Shares of NBCC (India) Ltd gained 1% on 4 November after the company announced securing several orders totalling Rs 235 crore. 

Mahatma Gandhi Kashi Vidyapith University in Varanasi has awarded a Rs 44 crore contract for constructing a multipurpose examination hall and innovation centre at the university. Sampurnanand Sanskrit University, also in Varanasi, awarded a Rs 5 crore contract for the repair and renovation of Panani Bhawan, its academic block. 

Additionally, the company secured a Rs186.46 crore contract to renovate Power Grid Corporation of India’s corporate office building in Sector 29, Gurugram, Haryana.

On 13 November 2024, the company’s board of directors will meet to approve the unaudited financial statements for the quarter and a half that ended on 30 September 2024. 

On 28 August 2024, the share reached a 52-week high of Rs 139.83, and on 28 November 2023, it reached a 52-week low of Rs 42.53. The share price has risen by around 120% in the last year.

However, at 3:30 pm, the shares of NBCC closed 2.37%  lower at Rs 97.60 on NSE.

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