Hot Pursuit     20-Apr-23
NBCC gains on bagging order worth Rs 208 cr from PWD, Puducherry
NBCC (India) rose 1.36% to Rs 38.63 after the the EPC company received a project aggregating to Rs 207.92 crore, from Public Works Department (PWD), Puducherry.

The scope of the project entails providing comprehensive design, engineering and project management consultancy (PMC) services for planning, designing and execution of disable accessible platform along roads, iconic cycle track, remodelling sewage system, recycled water network transmission and providing tertiary treatment plant works for PWD, Puducherry.

NBCC (India) provides civil engineering construction services. As on 31 December 2022, the Government of India held 61.75% stake in NBCC (India).

The company's consolidated net profit declined 16.3% to Rs 69.09 crore despite of 8.1% rise in net sales to Rs 2,116.50 crore in Q3 FY23 over Q3 FY22.

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