The order involves renovation/ refurbishment of office buildings located in Visakhapatnam Port Authority.

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 30 June 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.

Shares of NBCC (India) fell 1.11% to settle at Rs 63.03 on Friday, 13 October 2023.