NBCC ascends post Rs. 2,000 crore order win

The state-owned construction company, NBCC bagged Rs. 2,000 crore order from the central government for construction of Mahatma Gandhi Convention Centres (MGCC) in nine African countries. 

The central Public Sector undertaking, in a BSE filing, said that it has received letter of appointment from Ministry of External Affairs, Government of India for construction of MGCC in nine African Countries namely Niger,  Zambia, Liberia, Uganda, Malawi, Togo, Gambia, Burkina Faso and Gabon amounting to Rs. 2,000 crore. 

Last month, the company received a sanction from the Ministry of Home Affairs, Government of India, for construction of 14,460 bunkers in villages along the Indo-Pak border in J&K at an estimated cost of Rs. 415.73 crore. 

At 12:19 hours, NBCC was trading at Rs 106.55 per share, up Rs. 1.65 or 1.57 per cent on NSE. The scrip opened at Rs. 105.35 and touched an intraday high of Rs. 108.50 per share on NSE. The scrip has a 52-week high of Rs. 145.65 and a 52-week low of Rs. 89.10 per share on NSE. The stock has already attracted a volume of 30,57,889 shares on NSE as against its 10-day average volume of 27,09,247 shares on NSE.