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NBCC gains on receiving order for construction of Rajaswa Bhawan in New Delhi

NBCC is currently trading at Rs. 34.55, up by 0.20 points or 0.58% from its previous closing of Rs. 34.35 on the BSE.

The scrip opened at Rs. 35.50 and has touched a high and low of Rs. 35.50 and Rs. 34.00 respectively. So far 267411 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 68.35 on 19-Mar-2019 and a 52 week low of Rs. 28.55 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 38.85 and Rs. 34.00 respectively. The current market cap of the company is Rs. 6255.00 crore.

The promoters holding in the company stood at 65.93%, while Institutions and Non-Institutions held 18.50% and 15.57% respectively.

NBCC (India) has received an order from Department of Revenue, Ministry of Finance, Govt. of India for construction of Rajaswa Bhawan, National Tax Headquarters, New Delhi wherein NBCC will work as Project Management Consultant. The estimated project cost is around Rs 621 crore.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.

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