NBCC wins work orders worth Rs 801.20 Cr from RBI and OSEPA
NBCC · price
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On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 0.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NBCC has received two domestic work orders totalling about Rs 801.20 Cr (excluding GST). The larger one, Rs 780.38 Cr, is from the Reserve Bank of India for project management consultancy covering an office complex and officers and staff residential complex in Amaravati, Andhra Pradesh. The second order, Rs 20.82 Cr, is from OSEPA for hostel construction across districts in Odisha under the DA JGUA scheme. Both are stated to be in the ordinary course of business.
Healthy order inflow with a marquee RBI mandate, strengthening revenue visibility and order book strength.