Shares of NBCC (India) Ltd traded 1.7% higher at ₹110.20 on Friday morning after the state-owned construction major announced multiple new orders in its after-market regulatory filing.
The company said it has secured an order worth ₹255.50 crore from NALCO. The project involves planning, designing and executing a wide range of works, including civil, electrical, water supply, horticulture, construction, repairs, RCC structures, dismantling of existing buildings, new construction, civic amenities, and other developmental works across NALCO offices and townships.
NBCC also received another order from SAIL Bokaro, valued at ₹33.89 crore, for the desilting of a cooling pond. With these two contracts, the total value of orders awarded to the company now stands at nearly ₹290 crore.
This marks NBCC’s third major order this month. On December 3, the company bagged a contract worth ₹642.82 crore from the Ghaziabad Development Authority. In late November, it secured a nearly ₹3,000 crore mandate from the Nagpur Development Authority to build the first phase of a large township project.
On the financial front, NBCC reported a 25% year-on-year rise in consolidated net profit to ₹156.68 crore for the September quarter, compared to ₹125.13 crore in the same period last year. Total income increased to ₹3,017.15 crore, up from ₹2,512.95 crore in the corresponding period of the previous fiscal.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
