Hot Pursuit     04-Sep-23
NBCC spurts on Rs 20-cr order win
NBCC (India) rallied 4.61% to Rs 55.19 after the company received a work order from Indian Government Mint aggregating to Rs 20 crore.

The order entails planning, designing and execution of structural and non-structural repairs at factory premises along with renovation works & structural and non-structural repairs of residential quarters at Mint premises.

The order also includes construction of transit camp at Mint Colony, Parel, Mumbai.

The work order is on project management consultancy on deposit work basis and the time period for the same is yet to be decided.

NBCC (India) provides civil engineering construction services. As on 31 March 2023, the Government of India held 61.75% stake in NBCC (India).

The company had reported a consolidated net profit of Rs 75.14 crore in the quarter ended June 2023 as against net loss of Rs 6.29 crore during the previous quarter ended June 2022. Sales rose 7.11% to Rs 1913.79 crore in Q1 FY24 over Q1 FY23.

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