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NBCC Shares Gain on Order Worth Rs 66.3 Crore From Indian Medical Association

NBCC will be responsible for carrying out the project from conception to commissioning. 

NBCC India on 29 August announced that the company had bagged a work order from the Indian Medical Association worth Rs 66.32 crore, which includes planning, designing, and executing an IMA House at Indraprastha, New Delhi.

The order is expected to be executed within 30 months.

On 22 August, the company had signed a Memorandum of Understanding between NBSS and DMRC to work together in the field of building and infrastructure development overseas.

On 11 August, the company received work orders for various work projects worth Rs 279.31 crore.

The shares of the company touched a 52-week high of Rs 52.05 on 23 August 2023 and a 52-week low of Rs 29.85 on 30 September 2022.

The company’s quarterly report for the April-June quarter reported its net profit at Rs 77.41 and its revenue from operations at Rs 1,917.87 crore.

At 2:55 pm, the shares of NBCC India were trading at Rs 51.05 or 0.39% above its previous close on NSE.

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