Shares of NBCC (India) Ltd ended 2% higher on 7th November after touching a day’s high of Rs 114.07, following the announcement that the company has received a Rs 350.31 crore work order from the Heavy Vehicles Factory (HVF) for project management consultancy (PMC) services to execute major capital civil works at HVF and the AVNL Estate.

NBCC said in a regulatory filing that the order was received in the normal course of business and involves domestic project management work, excluding GST.

The new contract adds to NBCC’s expanding infrastructure portfolio. In September, the company signed an MoU with the Rajasthan State Industrial Development and Investment Corporation (RIICO) for projects worth about Rs 3,700 crore near Jaipur International Airport. It also inked a separate agreement with HUDCO to execute four construction projects across India.

In the June quarter, NBCC reported a 26% year-over-year rise in consolidated profit to Rs 132 crore, driven by strong revenue growth and better operational efficiency.

At 3:30 PM, shares of NBCC (India) Ltd ended 1.81% higher at Rs 113.46 on NSE.

Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!