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NBCC Shares Up 3%, Secures Rs 207 Crore Order from Puducherry PWD

The project is estimated to cost around Rs 3,700 crore and is expected to be completed within 30 months.
The project is estimated to cost around Rs 3,700 crore and is expected to be completed within 30 months.

Shares of NBCC India rose more than 3% on April 20 after the company won an order of Rs 207.92 crore from PWD Puducherry.

The order is for Puducherry to provide comprehensive design, engineering and project management consultancy (PMC) services for the planning, design and execution of accessible platforms for persons with disabilities along the road, a marked cycle path, retrofitting of sewage systems, reclaimed water network transmission and provision of tertiary Treatment Plant Engineering Public Works Department, Pondicherry.

Shares of the company were up 2.9% at Rs 39.2 on the BSE at 9:21 am.

Over the past month, the company’s stock has rallied more than 14% on the back of a healthy outlook, given recent order-winning momentum.

The state-owned NBCC comprises three segments: project management consultancy, engineering procurement and construction, and real estate development.

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