This construction company receives multiple orders worth Rs 1,103.61 crore!
Since the stock is listed on the exchanges, the stock gave multibagger returns of 434 per cent till today.
NBCC (India) & HSCC (India) Limited (Wholly Owned Subsidiary of NBCC) informed that it has been awarded with multiple work orders totalling Rs 1,103.61 crore. Details below: -
Work Order No 1: From National Film Development Corporation Limited (NFDC) for the repair and renovation of phase 1 and phase 2 at FD-NFDC Peddar road, Mumbai. The work order is worth Rs 50 crore.
Work Order No 2: From Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh for comprehensive planning, designing, construction, supervision and monitoring of the work construction of 150 bedded critical care block. The work order is worth Rs 130 crore.
Work Order No 3: From Medical Education & Research Department, Government of Maharashtra for project management consultant on a turnkey basis for the construction of 100 seats Government Medical, 430 bedded hospital at Maharashtra University of Health Sciences (MUHS) Nasik, Tai & District Nasik Maharashtra. The work order is worth Rs 348.41 crore.
Work Order No 4: From Nyati Engineers and Consultants Pvt Ltd for the construction of the medical college Jalgaon Chincholi at Jalgaon Maharashtra and their maintenance during the defect liability period for five years on a comprehensive design, engineering, procurement and construction (EPC) basis. The work order is worth Rs 625.20 crore.
Today, shares of NBCC (India) Ltd plunged 0.67 per cent to Rs 33.88 per share from its previous closing of Rs 34.11 with an intraday high of Rs 34.66 and low of Rs 33.72. The stock has a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70.
NBCC (India) Ltd is engaged in project management consultation, engineering procurement and construction and real estate making up the company's three main business divisions. In both its quarterly and annual results, the company reported positive numbers.
Since the stock is listed on the exchanges (April 13, 2012) the stock gave multibagger returns of 434 per cent till today. Investors should keep an eye on this Mid-Cap stock.