NBCC bags 6 work orders worth Rs 271.32 Cr; key one is Rishikesh aquarium
NBCC · price
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NBCC has received six work orders totaling Rs 271.32 Cr in the ordinary course of business. Five orders are from ICMAI for construction of Chapter, COE, and Headquarters buildings at Chandigarh (1.34 Cr), Ranchi (1.85 Cr), Baroda (5.94 Cr), Lodhi Road (26.06 Cr), and Jaipur (4 Cr) worth about Rs 39.19 Cr combined. The biggest is Rs 232.13 Cr from the Department of Fisheries Uttarakhand for a Namami Ganga Aquarium and Discovery Learning Centre at Rishikesh. All are domestic Project Management Consultancy contracts. No related party transactions.
Positive for order book. The Rs 232 Cr Rishikesh project from a state government is the main win, strengthening NBCC's revenue pipeline.