NBCC Awarded Rs. 103.47 Cr. Work Orders as Project Management Agency for PFC's CSR Projects
NBCC (India) Limited has secured significant work orders, having been appointed as the Project Management Agency by Power Finance Corporation Limited (PFC). The contract involves executing various Corporate Social Responsibility (CSR) projects across multiple states.According to the details, PFC has appointed NBCC for the scope of its various CSR initiatives. The total value of the CSR works awarded to NBCC is approximately Rs. 103.47 Cr., excluding Goods and Services Tax (GST).
The company confirmed that the awarded work is integral to its normal course of business operations.
The key financial details of the recent appointment are as follows:
| Client | Role | Project Focus | Work Value (Excl. GST) |
|---|---|---|---|
| Power Finance Corporation Limited (PFC) | Project Management Agency | Various CSR Projects in various states | Rs. 103.47 Cr. |
The award of these work orders underscores the company's role in undertaking major projects within the CSR sector, affirming that the business activity falls within NBCC’s regular operating scope.
NBCC Stock Price Movement
Shares of NBCC (India) Limited are rallying in live trading, gaining 0.43% to trade at ₹95.35 as of 11:07 AM. The stock's activity was supported by 3.93 million shares transacted, signaling strong intraday interest.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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