NBCC (India) shares rose over 3% in early trade on March 24 after the company announced the receipt of a work order worth approximately ₹58.61 crore from Maharaja Sriram Chandra Bhanja Deo University in Baripada, Mayurbhanj, Odisha.
The stock opened at ₹82.00, up from its previous close of ₹79.09. Today’s trading range stands between a low of ₹81.00 and a high of ₹82.27, against a 52-week range of ₹75.00 to ₹130.70. Live volumes stand at over 33.53 lakh shares during the session.
According to the company’s exchange filing, the order involves construction of buildings, roads, and drains, along with electrical and mechanical works, under an infrastructure development grant. The contract falls under NBCC’s Project Management Consultancy segment and is classified as part of its normal course of business.
The contract is domestic in nature with no international involvement. The order does not involve any related party transactions, and the promoter or promoter group holds no interest in the awarding entity. The execution timeline for the project has not been disclosed.
NBCC (India) Limited is a government enterprise under the Ministry of Housing and Urban Affairs, primarily engaged in project management consultancy, real estate development, and engineering procurement and construction services across India.
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