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Infra stock jumps 3% after it receives order worth ₹600 Cr from National Health Mission, Maharashtra

Prominent infra firm has secured ₹599.35 crore projects from the National Health Mission, Maharashtra, to establish a healthcare facility and radiation oncology units, strengthening healthcare infrastructure across multiple districts.
Infra stock jumps 3% after receiving ₹600 Cr order from National Health Mission, Maharashtra.

Introduction:

Leading infrastructure firm has secured ₹599.35 crore worth of projects from the National Health Mission, Maharashtra. These include establishing a healthcare facility and radiation oncology units across multiple districts, enhancing regional healthcare infrastructure and services.

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Share price movement of NBCC (India):

On December 5, 2024, NBCC (India) Ltd opened at ₹100.22, up 2.92% from its previous close of ₹100.00. The stock reached a high of ₹103.40 and a low of ₹99.05. By 3:45 PM, it traded at ₹102.92, with a market cap of ₹27,788.40 crore.

HSCC secures ₹599.35 crore orders:

HSCC (India), a wholly owned subsidiary of NBCC (India), has secured work orders worth ₹599.35 crore in its regular course of business. These projects are awarded by the National Health Mission, reflecting the company’s growing role in infrastructure development.

The first project involves establishing and operating the Hinduhridaysamrat Balasaheb Thackery Aapla Dawakhana in Maharashtra, valued at ₹259.35 crore. The second order is for setting up radiation oncology units across multiple districts in Maharashtra, worth ₹340 crore.

These new work orders reflect HSCC’s continued engagement with critical infrastructure projects in the healthcare sector. The information about these developments is available on the company’s official website for investors and stakeholders.

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Recent news on NBCC (India):

As of November 28, 2024, NBCC (India) Limited signed an MoU with HUDCO to develop a ₹600 crore institutional complex in Noida. The project will feature office spaces and commercial areas, executed on a “Concept to Commissioning” basis.

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

NBCC (India) Ltd has shown strong performance with a 1.31% return over the past week, 4.14% over the last six months, and an impressive 92.3% return over the past year, reflecting significant growth and investor confidence.

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Shareholding pattern of NBCC (India):

All values in %Sep 2024Jun 2024Mar 2024
Promoter61.80%61.80%62%
FII4.10%4.10%4.40%
DII9.10%9.10%9.50%
Public25.00%25.00%24.30%

About NBCC (India):

NBCC (NSE: NBCC) is a Navratna Enterprise operating in Project Management Consultancy, Engineering Procurement, and Real Estate sectors, specializing in civil construction projects, including government redevelopment, residential, and commercial complexes.

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.

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फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

फार्मा स्टॉक ने झगड़िया में ₹177 करोड़ का अपग्रेड प्लान किया है, जिससे संचालन ऑटोमेट होगा और इलेक्ट्रोलाइट एडिटिव्स सुविधा