Rs 64,000 crore order book: Multibagger PSU company bags new order worth Rs 15,000 crore from the Srinagar Development Authority!
Shares of the company gained more than 30 per cent in the last six months.
NBCC (India) Limited has secured a substantial Rs. 15,000 crore contract from the Srinagar Development Authority. The project involves developing a 406-acre satellite township in Rakh-e-Gund Akshah, Bemina, Srinagar, Jammu & Kashmir. This significant win underscores NBCC's role in shaping urban infrastructure and contributing to the region's development.
Recently, NBCC (India) Limited and its subsidiary, Hindustan Steelworks Construction Limited (HSCL), have secured a series of new projects. HSCL will undertake the construction of a new government medical college and 430-bed hospital in Parbhani, Maharashtra, valued at Rs. 403.89 crore. Additionally, HSCL will build a residential hostel for doctors and interns in Solapur for Rs. 39.72 crore. Meanwhile, NBCC itself has been awarded a Rs. 50 crore contract by the Ministry of External Affairs to construct a regional passport office in Srinagar. These projects highlight NBCC's diverse capabilities and its contribution to various sectors across India.
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NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The company also secures jobs from the government and public sector clients through tenders and develops commercial and residential projects. The company has a total order book of Rs 64,000 crore.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.