Hot Pursuit     29-Aug-23
NBCC rises on Rs 66-cr order win
NBCC (India) added 1.24% to Rs 51.50 after the company received an order from Indian Medical Association (IMA) worth Rs 66.32 crore.
The order entails planning, designing and execution of IMA House at Indraprastha, IP estate in New Delhi.

The work order is on project management consultancy on deposit work basis and is to be executed in 30 months.

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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