Rs 50,000 crore order book: LIC-backed multibagger penny stock bags multiple new orders worth more than Rs 120 crore; do you hold it?
Shares of the company have gained more than 110 per cent in the last six months.
NBCC (India) Limited, a construction giant has secured a contract for the interior and fit-out works of the Lokpal of India's new office at the World Trade Centre in New Delhi. This marks a significant win for the company, solidifying its position as a leader in the construction sector, particularly in public infrastructure projects.
The project, valued at approximately Rs 25.38 crore, involves the refurbishment of floors of the WTC to create a functional and modern workspace for the Lokpal, India's anti-corruption ombudsman. This win not only showcases NBCC's expertise in handling large-scale and specialized projects but also demonstrates its commitment to contributing to the development of India's public infrastructure.
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This contract win comes on the heels of NBCC's recent success in securing multiple projects for the construction of Jawahar Navodaya Vidyalaya (JNV) schools in the Northeastern states of India. These projects, along with the Lokpal office contract, highlight the company's strong presence in both the education and public infrastructure sectors.
With a total order value exceeding Rs 100 crore, NBCC is poised for continued growth and success in the Indian construction market. The company's commitment to quality, innovation, and sustainability makes it a trusted partner for both government and private entities.
NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The stock has delivered multibagger returns of over 160 per cent in the last three years. The company has an order book worth Rs 55,000 crore and LIC owns a 6.55 per cent stake in the company.
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.
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