PSU stock jumps after it receives order worth ₹432 Cr from Central University of OdishaPSU stock jumps after it receives order worth ₹432 Cr from Central University of Odisha

Introduction:

Prominent infrastructure firm has won a ₹432 crore work order from the Central University of Odisha. The project involves providing Project Management Consultancy services for the construction of a Net Zero Sustainable campus in Sunabeda.

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Share price movement of NBCC:

On December 10, 2024, NBCC (India) Ltd opened at ₹103.30, matching its previous close of ₹103.30. The stock reached a high of ₹104.59 and a low of ₹101.65. By 12:15 PM, it traded at ₹104.59, with a market cap of ₹27,772.20 crore.

NBCC secures ₹432 crore order:

NBCC (India) Limited has secured a ₹432 crore work order from the Central University of Odisha. The order involves providing Comprehensive Project Management Consultancy (PMC) services for constructing a Net Zero Sustainable campus in Sunabeda.

The project, part of the company’s normal business operations, underscores NBCC’s expertise in large-scale infrastructure development. The work order marks a significant addition to the company’s growing portfolio in the educational and sustainable construction sectors.

Recent news on NBCC:

As of December 05, 2024, NBCC’s wholly-owned subsidiary, HSCC India, secured ₹600 crore in orders. These include a ₹259.35 crore project for establishing Hinduhridaysamrat Balasaheb Thackeray Aapla Dawakhana under Maharashtra’s National Health Mission.

Stock performance of NBCC for Period of 1 week, 6 months and 1 year:

NBCC (India) Limited has seen a 4.07% return over the past week. While its performance over the last six months slightly declined by 0.13%, it has delivered an outstanding 93.9% return over the past year.

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Shareholding pattern of NBCC:

All values in %	Sep 2024	Jun 2024	Mar 2024
Promoter	61.80%	61.80%	61.80%
FII	4.10%	4.10%	4.40%
DII	9.10%	9.10%	9.50%
Public	25.00%	25.00%	24.30%

About NBCC:

NBCC (NSE: NBCC) is a Navratna Enterprise, operating in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. It executes civil, commercial, and infrastructure projects, including high-rise constructions and redevelopment.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.