NBCC India shares jump 9% on orders worth Rs 880 crore

The stock price jumped 9.27 percent to 156.15 on BSE at 14: 08 pm on June 11.

The NBCC India stock surged more than 9 percent on June 11 after the government's construction arm announced receiving orders worth Rs 878 crore.

At 2.08 pm, the stock price was trading at Rs 156.15 on BSE, up 9.27 percent from the previous close.

NBCC received a Rs 700 crore contract from Kochi Metro Rail Limited (KMRL) for the development of 17.4 acres in Kakkanad and Ernakulam, in Kochi, the company said in an exchange filing.

It also got a Rs 69.71-crore contract for a work at Delhi’s Hindu College. Institute of Company Secretaries of India (ICSI) has asked the company to build an office-cum-training institute at Khaitabad in Hyderabad. The order is worth 8.62 crore, the company said.

The company bagged a Rs 99.84-crore order from Oil India for the construction of a centralised core repository with advance laboratory facilities in Guwahati in Assam.

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