NBCC (India) Secures Work Orders Totaling Rs. 52.14 Cr from Indian Overseas Bank and MoHFW
NBCC (India) Limited has been awarded significant work orders in the ordinary course of its business, totaling approximately Rs. 52.14 Cr. The contracts include projects with major clients such as Indian Overseas Bank and the Ministry of Health & Family Welfare.The newly secured contracts represent major business opportunities for NBCC, covering both banking infrastructure construction and government-mandated operation and maintenance services.
The awarded works fall into two primary categories:
1. Indian Overseas Bank: The company has been contracted for the Construction of the Indian Overseas Bank's Office Building at Amaravati, Andhra Pradesh.
2. Ministry of Health & Family Welfare: This contract involves providing Operation and Maintenance Services for the New Sports Injury Centre (SIC) Building for a period of two years.
The details of the work orders and their respective approximate values are outlined below:
| Name of Work | Client | Approximate Value (Rs. in Cr., Excl. GST) |
|---|---|---|
| Construction of Indian Overseas Bank's Office Building at Amaravati, Andhra Pradesh | Indian Overseas Bank | 20.15 |
| Operation and Maintenance Services of New Sports Injury Centre (SIC) Building for a period of two years | Ministry of Health & Family Welfare | 31.99 |
| TOTAL | 52.14 |
These work orders are considered part of the company's normal course of business operations.
NBCC Stock Price Movement
Shares of NBCC (India) Limited today slipped by 1.78% to settle at ₹93.82. The equity experienced notable trading activity, with 7.63 million shares traded throughout the session.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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