NBCC India Ltd's subsidiary awarded project of Rs. 1800 crore

HSCC (India) Limited, a Wholly Owned Subsidiary of NBCC (India) Limited, has been awarded project of Up-gradation of District Hospitals to Medical Colleges at 12 Locations in the State of Rajasthan, under the Government Centrally Sponsored Scheme for "establishment of new medical colleges by upgrading district/referral hospitals" in phased manner.

Recently, an Agreement was signed between Medical Education Department, Govt. of Rajasthan, and HSCC (India) Ltd., NOIDA, to implement the up-gradation of District Hospitals into Medical College at 12 districts of Rajasthan as per applicable laws/norms/regulations in phased manner. In addition, an agreement was also signed for phase-II facilities in Medical Colleges at District Churu & Pali.

The cumulative approximate cost of project is Rs. 1800 Cr, which may change depending upon the increase or decrease in facilities in each phase proposed by Committee constituted by the State Government. The Completion period for Phase I and Phase-II (Churu & Pali) as per agreement are 24 months & 33 Months respectively.

Shares of NBCC (India) Ltd was last trading in BSE at Rs.32.8 as compared to the previous close of Rs. 32.6. The total number of shares traded during the day was 831984 in over 5807 trades.

The stock hit an intraday high of Rs. 33.75 and intraday low of 32.1. The net turnover during the day was Rs. 27305728.

Source : Equity Bulls

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