NBCC bags work orders worth Rs 289.39 Cr from NALCO and SAIL Bokaro
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 in line with Nifty Smallcap 250 and 0.4 pts more 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 has secured work orders worth Rs 289.39 Cr in the ordinary course of business. The largest is Rs 255.50 Cr from NALCO for planning, construction and repair work at NALCO offices and townships. The second is Rs 33.89 Cr from SAIL Bokaro for desilting a cooling pond. Both are domestic Project Management Consultancy orders from central government PSUs.
Positive for order book. Confirms continued PSU business flow. Modest ticket size relative to NBCC's overall revenue base.