Rs 81,000 Crore Order Book: PSU Civil Construction Company Bags New Orders Worth Rs 1,198 Crore From Gondwana University & SAIL Bokaro Steel Plant
The stock gave multibagger returns of 185 per cent in just 1 year whereas BSE Sensex is up by 23.6 per cent.
NBCC (India) Limited has secured a new project for designing, supplying, and installing a rooftop solar system at the SAIL Bokaro Steel Plant in Bokaro, Jharkhand. This project, valued at approximately Rs 198 crore, falls under the company's normal course of business.
Additionally, Hindustan Steelworks Construction Limited, a subsidiary of NBCC (India) Limited has been awarded works of Campus Development of Gondwana University, Gadchiroli, Maharashtra of approx. value of Rs 1,000.
Earlier, the Odisha government's Sports and Youth Services Department awarded NBCC (India) Limited a contract to build an Integrated Sports Complex in Dhamnagar, Bhadrak. The project is valued at approximately Rs 50 crore.
Furthermore, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 new fully paid-up equity share of Re 1 each for every 2 existing fully paid-up equity shares of Re 1 each to the eligible members of the company as on record date. The ex-date for bonus shares was Monday, October 07, 2024.
About NBCC (India) Ltd
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. This diversified approach has positioned them as a leading construction enterprise in India.
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Results
According to the Quarterly Results, the net sales increased by 11.32 per cent to Rs 2,144.16 crore and the net profit increased by 38.4 per cent to Rs 107.20 crore in Q1FY25 over Q1FY24. In its annual results, the net sales increased by 17.53 per cent to Rs 10,432.64 crore and the net profit increased by 49.54 per cent to Rs 414.27 crore in FY24 over FY24.
Order Book: The company's order book as of June 30, 2024, crosses Rs 81,000 crore. The current year target is around Rs 10,000 crore turnover at the standalone and Rs 13,000 crore at the consolidated level
As of June 2024, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.96 per cent stake in the company. The stock gave multibagger returns of 185 per cent in just 1 year whereas BSE Sensex is up by 23.6 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.