Hot Pursuit     10-Jan-24
NBCC rises on bagging orders worth Rs 352 cr
NBCC (India) added 1.61% to Rs 92.77 after receiving orders from National Institute of Fashion Technology (NIFT) and Department of Medical Education and Research (DMER) Haryana, aggregating to Rs 352.13.
The civil construction company bagged order for construction of NIFT Campus at Varanasi in Uttar Pradesh & modification works of existing trade faciiitation centre as part of campus for Rs 218.crore.

The subsequent order entails construction of Phase-III of BPS Government Medical College (W) at Kanpur Kalan, Sonepat in Haryana for Rs 134.13 crore.

Both the orders are under project management consultancy on deposit work basis.

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%YoY to Rs 2,047.70 crore in Q2 FY24.

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