NBCC (India) Limited has informed the Exchange regarding 'Intimation of work order received by NBCC in the normal course of business amounting Rs. 102.97 crore (Approx.)'.
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NBCC (India) Limited has received a fresh work order worth approximately Rs. 102.97 crore (excluding GST) from Lokpal of India. The work involves repairing, retrofitting, and interior fit-out works including upgradation of building infrastructure for Lokpal's office space at Vasant Kunj Institutional Area, Phase-II, New Delhi. This is a modification of a previous work order dated January 05, 2024, which was originally valued at Rs. 25.38 crore but had to be revised due to technical reasons. NBCC will execute this as a Project Management Consultancy (PMC) project on a domestic basis. The order falls within NBCC's normal course of business, with no related party interest involved.
This is a positive development for NBCC as the revised order value (Rs. 102.97 crore) is over four times the original order value (Rs. 25.38 crore), indicating scope expansion. While the order size is modest relative to NBCC's overall revenue, it reinforces the company's role as a trusted PMC partner for government clients.