NBCC (India) Limited has informed the Exchange regarding 'Intimation of work order received by NBCC in normal course of business, amounting Rs. 45.30 Crore (Approx.)'.
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NBCC has signed an MoU with Madhya Pradesh Gramin Bank (MPGB) to develop a modern institutional campus in Indore, Madhya Pradesh. The project, valued at approximately Rs. 45.30 crore (excluding GST), covers construction of the bank's Head Office, a Training Centre with hostel facilities, and Executive Quarters. NBCC will execute the work on a deposit work basis, acting as the Project Management Consultant. The order is purely domestic and is part of the company's normal course of business. Management highlighted that the project fits NBCC's strategy of growing its institutional project portfolio and expanding infrastructure in Tier-II cities.
This is a small, routine order relative to NBCC's overall scale and is unlikely to move the stock materially. It adds modestly to the institutional order pipeline but is business-as-usual with no change in guidance or strategy.