Hot Pursuit     18-Dec-23
NBCC gains after bagging construction orders worth Rs 179 cr
NBCC (India) rose 1.38% to Rs 83.15 after the company received an order worth Rs 150 crore from SAIL DSP, Durgapur under project management consultancy.
The order includes various construction and renovation works at SAIL DSP ,Durgapur. It will be executed within 3 years.

Meanwhile the company has also received an order from Deendayal Upadhyaya National Institute for persons with physical disabilities (Divyangjan), PDUNIPPD(D) under project management consultancy works on deposit basis.

The order involves construction of permanent building of composite regional centre (CRC) at Samba, Jammu, UT of J&K.

The said order is worth Rs 29.70 crore and it will be completed in 3 years.

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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