This Navratna company bags work order worth Rs 50 crore from NFDC

Shares were trading up after the company announced this development.

About the order

NBCC (India) has bagged a work order worth Rs 50 crore from National Film Development Corporation (NFDC) for Repair & renovation at the 4th, 5th, 6th,8th and 9th floors of Phase-II building and ground, 1st, 2nd, 3rd,4th, 5th, 6th, and 7th floors of Phase-I building at FD-NFDC Peddar road, Mumbai.

Besides, NBCC’s (India) wholly owned subsidiary -- HSCC (India) has received two work orders. The first work order is for comprehensive planning, designing, construction, supervision and monitoring of the work construction of 150 bedded Critical Care Block at PGIMER, Chandigarh from Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh, worth Rs 130 crore.

The second order is for Project Management Consultant on a turnkey basis for the construction of 100 seats Government Medical, 430 bed hospital at Maharashtra University of Health Sciences (MUHS) Nasik, Tal & District Nasik, Maharashtra, worth Rs 348.41 crore.

 Price Action of NBCC (India) Ltd

The scrip opened at Rs. 33.91 and touched a high and low of Rs 34.41 and Rs 33.77, respectively. So far 768554 shares were traded on the counter. Its 52-week high stood at Rs 43.80 whereas its 52-week low was Rs 26.70. Last one week high and low of the scrip stood at Rs 36 and Rs 33.77 respectively. The current market cap of the company is Rs 6120 crore. Promoters hold 61.75%, whereas institutional and non-institutional holdings are 14.26% and 23.99%, respectively. Presently, the market cap of the company is Rs 6,139.80 crore.

Company Profile 

NBCC (India) Ltd is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.