NBCC stock gains on winning Rs 101-crore order from NHAI

NBCC share price gains on bagging order worth Rs 101 crore from NHAI

NBCC (India) Ltd share price gained 1.11 percent in trade today after the public sector enterprise bagged order worth Rs 101 crore from National Highways Authority of India (NHAI).

The company said in a statement on Monday it has received work order by NBCC amounting to Rs 101 crore. In an exchange filing, it said "Construction of Permanent office Authority of India building in respect of Regional Offices (ROs) cum Project Implementation Units (PIUs) of National Highways Authority of India."

Last week, the company bagged another contract worth Rs 75 crore to build additional infrastructure at Indian Institute of Information Technology, Nagpur.

Prior to that, the state-owned NBCC's arm HSCC bagged a Rs 1,261 crore contract to establish AIIMS hospital in Darbhanga, Bihar. In a regulatory filing, NBCC informed that HSCC (India) Ltd, its wholly- owned subsidiary, has recently been awarded establishment work of AIIMS, Darbhanga from the union health ministry. The value of the contract is Rs 1,261 crore, it added.

NBCC share price has  been gaining for the last two days and has risen 4.96 percent in the period.

NBCC share price has delivered 118.67 percent returns in 2024 so far, as per BSE data. The stock moved higher by 481.63 percent in the last two years as compared to 47.27 percent for the benchmark Sensex.