NBCC Secures Two Domestic Project Management Consultancy Orders Worth Rs 20.92 Crore

NBCC (India) Limited has announced the acquisition of two new domestic work orders totaling approximately Rs 20.92 crore (excluding GST). Both projects have been awarded in the ordinary course of business as Project Management Consultancy contracts.

The first contract has been awarded by the Chennai Port Authority. Under this domestic order, NBCC will undertake improvement works to the Medical and Surgical Blocks of the ChPA Hospital situated at the Chennai Port in Chennai. The broad consideration and size for this specific project is valued at approximately Rs 8.48 crore, excluding GST.

The second project is an order awarded by the Power Grid Corporation of India Limited. This domestic contract involves the construction of a 150-bedded facility named "VISHRAM SADAN" at the Government General Hospital located in Kurnool, Andhra Pradesh. The approximate financial consideration for this infrastructure assignment stands at Rs 12.44 crore, excluding GST.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 109.15 as compared to the previous close of Rs. 107.30. The total number of shares traded during the day was 917306 in over 3921 trades.

The stock hit an intraday high of Rs. 109.90 and intraday low of 107.30. The net turnover during the day was Rs. 99812602.00.

Source : Equity Bulls

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