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Hot Pursuit
20-Sep-23
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NBCC gains after bagging construction contract from Khadi & Village Industries Commission
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NBCC (India) advanced 1.67% to Rs 59.68 after the company announced that it has bagged a contract from Khadi & Village Industries Commission worth Rs 150 crore.
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The contract is for planning, designing and execution of upcoming works such as construction of office building(s), residential campus, re-development, repair & renovation of KVIC Properties Pan India, etc.
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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