This small-cap construction company bags work order of over Rs 400 crore!
The company is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs.
About the Order
The Department of Border Management (BM-1 Division), Ministry of Home Affairs, Government of India has awarded the Work Order to NBCC (India), with an estimated cost of Rs 448.02 crore, for the construction of a border and road between BP Nos. 2350 and 2364 (length 88.58 Km) in the state of Mizoram along the Indo-Bangladesh Border (IBB).
Share Price Movement of NBCC (India) Ltd
The scrip opened on Monday at Rs 35.00 and touched a high and low of Rs 36.10 and Rs 35, 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 6,415.20 crore. Promoters hold 61.75%, whereas Institutional and non-institutional holdings are 14.26 and 24%, respectively.
As a fully owned Government of India undertaking, National Buildings Construction Corporation (NBCC) was established in November 1960 under the former Ministry of Works, Housing & Supply, which is now the Ministry of Urban Development (MoUD). The Company primarily operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The Government of India (GoI) currently owns around 62% of the equity share capital of the business, operating through the Ministry of Urban Development (MoUD) on behalf of the President of India.
Due to its capabilities, creative approach, adherence to the highest standard of quality, timely delivery, and committed workforce, NBCC (India), which has its headquarters in Delhi, holds the status of Navratna CPSE and has emerged as the undisputed leader in the construction sector. With a significant Market Capitalization, NBCC is traded on both the National Stock Exchange and the Bombay Stock Exchange in India.
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
About the Author
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
By proceeding, you agree to the T&C.
Fill in your details below: