Hot Pursuit     27-Dec-23
NBCC gains on Rs 150-cr order win
NBCC (India) rallied 3.29% to Rs 80.90 after the company announced that it has received a work order from SAIL ISP Burnpur amounting to Rs 150 crore.

The order involves civil and various types of infrastructure works for plant and township at SAIL ISP, Burnpur.

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 september 2023, the Government of India held 61.75% stake in NBCC (India).

The company’s consolidated net profit declined 16.6% to Rs 79.59 crore in Q2 FY24 as compared with Rs 95.46 crore in Q2 FY23. Net sales rose 1.7% to Rs 2,047.70 crore in Q2 FY24 over Q2 FY23.

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