Rs 45,000 crore order book: This Navratna company bags a major work order worth Rs 175 crore from the Ministry of External Affairs!

The stock has gained more than 40 per cent in the last one year.

NBCC (India) Limited informed in the exchange filing that the company has signed a Memorandum of Understanding between the company and the Ministry of External Affairs for the redevelopment of MEA Housing Complex (Old) at Kasturba Gandhi Marg, New Delhi for a tentative cost of Rs. 175 Crore.

The company posted impressive Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 2732.42 crore which grew by 14.22 per cent YoY. The operating profit of the company stood at Rs 157.45, while the PAT of the company stood at Rs 113.74 crore which grew by 176.11 per cent.

NBCC is a central government enterprise under the Ministry of Urban Development and is a Schedule A Navratna company. The company was set up to undertake civil and industrial infrastructure projects for central and state governments. Under this arrangement, projects are awarded on a nomination basis to NBCC, and the company assigns the projects to third-party contractors. The company also secures jobs from government and public sector clients through tenders and develops commercial and residential projects.

Today, the stock opened at Rs 40.94, with a high and low of Rs 40.94 and Rs 40.19, respectively. The stock is currently trading at Rs 40.50, up by 0.80 per cent. The stock has a 52-week high of Rs 44.70 and a 52-week low of Rs 28.05.