NBCC (India) Limited has informed the Exchange regarding 'Intimation of work order received by NBCC in normal course of business, amounting Rs. 65.73 Crore (approx.)'.
NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NBCC has received three new work orders totalling approximately Rs. 65.73 crore in the normal course of business. The largest order, worth Rs. 43.90 crore, is from Rajiv Gandhi Institute of Petroleum Technology for Project Management Consultancy (PMC) services for construction and development of various buildings at Energy Institute Bengaluru, Karnataka. The remaining two orders, valued at Rs. 6.42 crore and Rs. 15.41 crore, are from Navodaya Vidyalaya Samiti for construction of a regional office building in Bhubaneswar and central covered courtyards at various Jawahar Navodaya Vidyalas (JNVs) in Odisha respectively. All three orders are domestic in nature and involve PMC and construction services. No related party interest is involved in any of the orders.
The order value is modest relative to NBCC's overall order book and revenue scale (annual revenue is several thousand crores), so this is unlikely to materially move the stock. It does signal continued order inflow from government and government-backed entities, reinforcing NBCC's role as a preferred PSU contractor for public infrastructure projects.