NBCC (India) Limited Secures Rs 42.55 Cr in Work Orders from Key Clients
NBCC (India) Limited has recently secured substantial work orders totaling approximately Rs 42.55 Crore in the normal course of its business operations. The contracts were awarded by major domestic entities, significantly boosting the company's ongoing project pipeline.The total contract value is derived from two major assignments. One contract was awarded by Indian Bank, while the other was secured from the Navodaya Vidyalaya Samiti.
The details of the newly awarded works are as follows:
| Client Name | Nature of Work | Approximate Value (Excl. GST) |
|---|---|---|
| Indian Bank | Construction of Office Premises at No: 94, Uddandarayunipalem, Amaravati, Andhra Pradesh | Rs 35.63 Cr. |
| Navodaya Vidyalaya Samiti | Construction of Parallel extension of existing school building and additional staff quarters work at JNV Nandurbar- I (Μ.Η.) | Rs 6.92 Cr. |
| Total | Rs 42.55 Cr. |
In the case of the Indian Bank contract, the work falls under the Project Management Consultancy nature. The assignment from Navodaya Vidyalaya Samiti also relates to Project Management Consultancy, confirming the domestic origin of both major projects.
NBCC (India) Limited confirmed that these works are in the ordinary course of the company's business, reinforcing its strong position in the construction and consultancy sectors.
NBCC Stock Price Movement
On Friday, NBCC (India) Limited shares rallied, closing at ₹94.82 after gaining 1.81% on solid investor momentum. The stock saw significant volume on the day, with shares trading 11.19 million times.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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