NBCC India Ltd's MoU revised for National Sports University at Imphal, Manipur

NBCC India Ltd had earlier announced regarding the Memorandum of Understanding (MoU) with Ministry of Youth Affairs and Sports whereas NBCC was awarded with the work for Construction of National Sports University at Imphal, Manipur on EPC mode, valuing Rs. 400 crore.

Now, as the University is being developed as per International Standard, the scope of work has been revised by the Ministry of Youth Affairs and Sports (MoYAS). Consequently, sanctioned cost has also been increased to Rs. 816.95 crore.

The Agency charge @3.79% excluding GST and taxes etc as applicable for project.

Shares of NBCC (India) Ltd was last trading in BSE at Rs. 51.1 as compared to the previous close of Rs. 52.35. The total number of shares traded during the day was 539981 in over 2918 trades.

The stock hit an intraday high of Rs. 52.8 and intraday low of 50.55. The net turnover during the day was Rs. 27706417.

Source : Equity Bulls

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