NBCC (India) Limited has informed the Exchange regarding 'Intimation of work order received by NBCC in normal course of business, amounting Rs. 296.53 Crore (Approx.)'.
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Awaiting price reaction for this filing.
NBCC (India) Limited has bagged a new work order valued at approximately Rs. 296.53 crore (excluding GST) from Meerut Development Authority (MDA), a government body in Uttar Pradesh. The scope of work involves Re-Development Projects in Meerut, with NBCC providing Project Management Consultancy services. The order is domestic in nature, awarded by a state-level development authority. The company has clarified this falls within its normal course of business. Execution timeline and further details have not been disclosed in this filing.
Positive addition to NBCC's order book from a government client, providing visibility on near-term revenue. However, this is a single project of moderate size and unlikely to materially move the stock on its own.