Wednesday, February 21, 2024
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HomeStocksNBCC India Bags Order From Delhi Metro Rail Corporation

NBCC India Bags Order From Delhi Metro Rail Corporation

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three major segments: Project Management Consultancy, Engineering Procurement and Construction, and Real Estate. The company has made a significant announcement regarding orders received by the company.

Order Details:

As detailed in the official report, the company has received an order worth Rs 88.90 crore today for Project Management Consultancy for the execution of proposed staff quarter residential buildings for the Bhubaneswar Metro Rail Project from Delhi Metro Rail Corporation Limited. The company mentioned that the time for executing the contract is yet to be decided.

Share Performance:

Today, NBCC shares commenced trading at Rs 83.39 per share, compared to the preceding day’s closing figure of Rs 82.85 per share. As of writing the article, the company’s shares are trading at Rs 81.45 per share on the BSE.

The market capitalization of the company stands at Rs 14,661 crore. Additionally, the stock has delivered an impressive return of 115% in the past year and a 175% return in the last three years.

In terms of ownership, the Promoter holds 61.75%. The FIIs and DIIs hold 4.14% and 10.21%, respectively, while the remaining 23.89% is held by public investors, as per the most recent update.

Stock Price Chart (Daily):

NBCC chart

Business Overview:

NBCC (India) Limited is an India-based company that provides value-added services. The company operates through three segments: Project Management Consultancy (PMC), Real Estate Development, and Engineering Procurement and Construction (EPC).

The PMC segment is engaged in civil construction projects, infrastructure works for national security, civil sector infrastructure projects, and the implementation of the Pradhan Mantri Gram Sadak Yojna (PMGSY), along with developmental work in the Northeastern Region. The Real Estate Development segment includes residential projects such as apartments and townships, as well as commercial projects like corporate office buildings and shopping malls.

The EPC segment offers services that encompass project conceptualization, feasibility studies, detailed project reports, basic and detailed engineering, procurement, construction, commissioning, testing, and delivering the project to clients in a ready-to-use and functional condition.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. 
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