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. 52.14 Cr. approx.'.
NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NBCC (India) Limited has announced receiving two work orders worth Rs. 52.14 crore in total. The first order is for construction of Indian Overseas Bank's office building in Amaravati, Andhra Pradesh, valued at Rs. 20.15 crore. The second order is for operation and maintenance services of the New Sports Injury Centre building for two years, awarded by the Ministry of Health & Family Welfare, valued at Rs. 31.99 crore. Both orders are in the normal course of business and are domestic Project Management Consultancy contracts.
This is a positive development showing NBCC continues to secure orders from government and public sector clients. However, the total order value of Rs. 52.14 crore is relatively modest and represents normal business activity rather than a major contract win.