NBCCNSENBCC (India) Limited· ConstructionMediumPositive
Announced Mon, 23 Feb · 15:11 IST

NBCC (India) Limited has informed the Exchange regarding 'Intimation of Work Orders received by NBCC (India) Limited in the ordinary course of business amounting to Rs. 76.27Cr. approx.'.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NBCC (India) Limited has secured a work order valued at approximately Rs. 76.27 Crore (excluding GST) from Dharanidhar University, Keonjhar, Odisha. The scope of work involves construction of an academic building, hostel building, and other infrastructure facilities including external development works. The order is a domestic one and falls under the company's Project Management Consultancy (PMC) segment. The company has stated this is part of its normal course of business, with no related party involvement.

Likely market impact

This is a relatively modest order that adds to NBCC's existing order book but is unlikely to materially move the stock on its own. It reinforces the company's role in public-sector infrastructure and education projects, which is a positive but routine development for shareholders.