NBCC bags orders worth Rs. 168 crore

NBCC (India) Limited has received new orders for two major projects on PMC basis. The total projected cost of these assignments is approximately Rs. 168 crore.

The projects include construction of residential accommodation for Institute of Liver and Biliary Sciences (ILBS), New Delhi and construction of office cum training centre for Central Board of Direct Taxes, Saket, New Delhi.

NBCC (India) Limited is a blue-chip Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. It is a prominent player in the construction sector, particularly due to its unique business model.

On Friday, the shares of NBCC opened at Rs. 51.60 and hit a high and low of Rs. 53.40 and Rs. 51.20, respectively on BSE. The stock closed at Rs. 53.05 per share, up 2.81 per cent.