NBCC bags work orders worth Rs. 132.28 Cr from government bodies
NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts less than Nifty Smallcap 250 and 2.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NBCC (India) has secured three domestic work orders worth about Rs. 132.28 Crore excluding GST. Two orders from Navodaya Vidyalaya Samiti for constructing permanent campuses at JNV in South Salmara and West Karbi Anglong, Assam, worth Rs. 55.46 Cr each. One order from Sports and Youth Services Department, Govt. of Odisha for a 200-bed sports hostel in Sambalpur worth Rs. 21.36 Cr. All are Project Management Consultancy contracts in the ordinary course of business.
Adds about Rs. 132 Cr to order book from regular government clients, supporting steady revenue pipeline though not a major surprise.