NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NBCC (India) Ltd has announced receipt of two domestic construction work orders totalling approximately Rs. 131.02 crore. The larger order (Rs. 105.50 crore) is for construction of the New Andhra Pradesh Bhavan in New Delhi for the state government's Resident Commissioner. The second order (Rs. 25.52 crore) is for constructing Central Bank of India's office building in Amravati, Andhra Pradesh. Both orders are for Project Management Consultancy services and are classified as domestic, non-related-party transactions. The company states these are in the ordinary course of business.
The combined order value of Rs. 131 crore is positive for NBCC's order book but is relatively modest relative to the company's annual revenues and unlikely to cause any meaningful near-term stock price movement.