The order includes consultancy & project management services for upcoming infrastructural related projects of Bokaro Steel plant, township, mines & collieries.

The work order is on project management consultancy on deposit work basis and the time period for the same is yet to be decided.

Meanwhile, the civil construction has signed a quadripartite memorandum of understanding (MoU) with Ministry of Steel (MoS) Govt. of India, Rashtriya Ispat Nigam (RINL) and National Land Monetization Corporation (NLMC) for monetization of the non-core assets of RINL at Vishakhapatnam.

“As per MoU, NBCC would act as technical cum transaction advisor and assist MoS, RINL and NLMC in monetization of non-core assets of RINL available at Vishakhapatnam,” said the company.

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.