NBCC shares up 6% on winning order from SAIL

As per MoU, NBCC would act as technical cum transaction advisor and assist Ministry of Steel (MoS), RINL and NLMC in monetization of the non-core assets.

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NBCC (India) shares were up 6 percent at Rs 59.60 in the early trade on September 14 after the company signed a quadripartite MoU with Ministry Of Steel, RINL & NLMC and receiving order worth Rs 180 crore.

The company has signed a quadripartite MoU with Ministry of Steel (MoS) Govt. of India, Rashtriya Ispat Nigam Limited (RINL) and National Land Monetization Corp. Ltd. (NLMC) for monetization of the non-core assets of RINL at Vishakhapatnam.

As per MoU, NBCC would act as technical cum transaction advisor and assist Ministry of Steel (MoS), RINL and NLMC in monetization of the non-core assets.

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The company has bagged an order worth Rs 180 crore from SAIL, for consultancy & project management services for upcoming infrastructural related projects of Bokaro Steel Limited plant, township, mines & collieries.

Earlier in this month, the company had won a Rs 2,000-crore order from the Kerala State Housing Board for the development of 17.9 acres of land parcel at Kochi’s Marine Drive.

Also, in August, the company had won an order worth Rs 66.32 crore from the Indian Medical Association for planning, designing and execution of IMA House at Indraprastha, New Delhi.

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