NBCC shares gain 4% on winning Rs 448-crore order for border road development

The share touched a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70 on 30 November, 2022 and 17 June, 2022, respectively.

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NBCC share price gained 4 percent in early trade on April 5 after the company bagged a Rs 448.02-crore order from the government.

NBCC received the work order for the construction of border and road in Mizoram along the India-Bangladesh Border (IBB). The order is awarded by the Department of Border Management (BM-1 Division) under the union home ministry.

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The company recently won an order worth Rs 46.39 crore from the Ghani Khan Choudhary Institute of Engineering and Technology, (GKCIET) in Malda, West Bengal, and another Rs 100-crore contract from Small Industrial Development Bank of India (Sidbi).

At 9:18am, NBCC (India) was quoting at Rs 36.65, up Rs 1.01, or 2.83 percent on the BSE. The share touched a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70 on November 30, 2022 and June 17, 2022.

It is trading 16.32 percent below its 52-week high and 37.27 percent above its 52-week low.