MARKETS

NBCC Bags Rs 500 Crore Construction Order in Jharkhand; Shares Surge 1.75%

NBCC will provide project management services for the development of Naveen Nagpur for NMRDA -Phase 1.
NBCC will provide project management services for the development of Naveen Nagpur for NMRDA -Phase 1.

Shares of NBCC (India) Ltd rose 1.75% to hit a day’s high of Rs 116.95 on 17th November. This occurred after the firm announced it has won an order worth Rs 498.3 crore from the Damodar Valley Corporation in Jharkhand.

NBCC said the order is for project management consultancy services. It will involve building an integrated township at the Chandrapura Thermal Power Station in Jharkhand.

Last week, the company reported its September quarter results and approved a second interim dividend for FY26. Net profit rose 26% to Rs 153.5 crore from Rs 122 crore a year earlier. Meanwhile, revenue grew 19% to Rs 2,910.2 crore. EBITDA came in at Rs 100.8 crore, slightly higher than Rs 100.3 crore last year. However, operating margins slipped to 3.5% from 4%.

The board also declared a second interim dividend of Rs 0.21 per share, with a record date of 19th November.

At 2:50 PM, shares of NBCC (India) were trading 1.76% higher at Rs 116.15 on NSE.

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