NBCC share price up 5% on Rs 150 crore order win

The time period by which the said order is to be executed is yet to be decided.

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NBCC (India) share price gained 5 percent in the early trade on September 20 after the company bagged a work order worth Rs 150 crore from the Khadi & Village Industries Commission.

At 09:19 hrs BL Kashyap & Sons was quoting at Rs 56.54, up Rs 2.65, or 4.92 percent on the BSE.

The order includes planning, designing and execution of upcoming works such as construction of office building(s), residential campus, redevelopment, repair & renovation of KVIC properties Pan India.

The time period by which the said order is to be executed is yet to be decided.

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Last week company 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.

Also, 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 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.