Rs 1,00,000 Crore Order Book: Civil Construction Company Bags Orders Worth Rs 215.63 Crore From Central University of Haryana & Western Regional Power Committee
The stock is up by 17.5 per cent from its 52-week low is Rs 70.82 per share.
NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialize in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls.
Order Bagged
NBCC (India) Limited has announced the receipt of new work orders valued at approximately Rs 215.63 Crore, excluding GST, in the normal course of its business. This order comprises two distinct projects: the first, valued at Rs 166.93 crore, involves Comprehensive Project Management Consultancy Services for the planning, designing, and development of infrastructure facilities at the Central University of Haryana, Jant-Pali, Mahendergarh; and the second, valued at Rs 48.70 crore, entails providing Project Management Consultancy (PMC) Services for the demolition, comprehensive design engineering, construction, and furnishing of the Western Regional Power Committee (WRPC) office, including a guest house and external development work, in Andheri East, Mumbai.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
Results
According to the Quarterly Results, the net sales increased by 16.6 per cent to Rs 2,826.96 crore and the net profit increased by 25.4 per cent to Rs 142.43 crore in Q3FY25 over Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 7,429.84 crore and the net profit increased by 37 per cent to Rs 374.76 crore in 9MFY25 over 9MFY24.
The company's order book as of December 31, 2024, stands at Rs 1,00,000 crore. As of December 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock is up by 17.5 per cent from its 52-week low is Rs 70.82 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.