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. 42.55Cr. approx.'.
NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NBCC (India) Limited has received two work orders totaling Rs. 42.55 crore in the ordinary course of business. The first order worth Rs. 6.92 crore is from Navodaya Vidyalaya Samiti for construction of parallel extension of school building and staff quarters at JNV Nandurbar-I in Maharashtra. The second and larger order worth Rs. 35.63 crore is from Indian Bank for construction of office premises at Uddandarayunipalem, Amaravati, Andhra Pradesh. Both orders are domestic, nature of work is Project Management Consultancy, and there are no related party transactions involved. The company clarified these are routine business awards.
These are routine work orders that add incremental business but represent a small portion of NBCC's overall order book given the company's annual revenue typically exceeds Rs. 6,000 crore. The impact on stock price is likely neutral to marginally positive, with no material change to financials.