Shares of this small-cap construction company surged on getting orders worth more than Rs 700 crore
Shares of the company are trading in the green after the company announced this development
About the Order
The Directorate of Printing, Ministry of Housing and Urban Affairs, Government of India, has given NBCC (India) a redevelopment work order worth Rs 749.28 crore. After receiving final approval from the Public Investment Board (PIB), the redevelopment work is anticipated to be carried out.
The project involves modernising the government of India Presses at Mayapuri, Rashtrapati Bhawan (Delhi), Nashik, and Kolkata. It also involves management and marketing consulting.
Share Price Movement of NBCC (India) Ltd.
The scrip opened today at Rs 39.99 and touched a high and low of Rs 41.45 and Rs 39.60, respectively. Its 52-week high stood at Rs 43.80, whereas its 52-week low was Rs 26.70. The current market cap of the company is Rs 7,295 crore. Promoters hold 61.75%, whereas the Institutional and non-institutional holdings is 14.04% and 24.21%, respectively.
NBCC, a Navratna CPSE with its headquarters in Delhi and founded in 1960 as a Government of India Civil Engineering Enterprise, has emerged as the undisputed leader in the construction sector thanks to its capabilities, innovative approach, adherence to the highest standard of quality, timely delivery, and a committed workforce.
Re-Development of Government Properties is a new business vertical that NBCC has added to its PMC Segment. The re-development of Delhi's New Motibagh GPRA Complex, the company's first project in this vertical, was a great success and received high praise.
In 1977, NBCC began conducting overseas operations, carrying out diverse projects in nations like Libya, Iraq, Yemen, Nepal, the Maldives, Mauritius, Turkey, and Botswana. The Company currently operates in Oman, Mauritius, and the Maldives where it is implementing various projects and generating steady income.
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