Introduction:
Hon’ble NCLAT has appointed a leading Project Management Consultant to complete 16 stalled housing projects across four states, benefiting thousands of homebuyers. The initiative involves constructing 49,748 homes with an estimated cost of ₹9,445 crore.
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Share price movement of NBCC:
On December 12, 2024, NBCC (India) Limited opened at ₹102.05, matching its previous close of ₹102.05. The stock reached a high of ₹103.79 (1.70%) and a low of ₹99.00. By 2:57 PM, it traded at ₹100.48, down 1.54%, with a market cap of ₹27,129.60 crore.
NBCC Appointed as PMC for Supertech Projects:
The Hon’ble NCLAT has appointed NBCC (India) Limited as the Project Management Consultant (PMC) for completing 16 stalled projects of Supertech Ltd. The construction involves delivering 49,748 housing units across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka.
The total estimated project cost is approximately ₹9,445 crore, including a 3% contingency. NBCC will receive an 8% PMC fee, which includes 1% as marketing fees. This significant move aims to ensure timely completion and quality execution of the long-pending housing projects.
The initiative is expected to benefit thousands of homebuyers awaiting possession. NBCC, known for its expertise in construction and project management, will play a crucial role in restoring trust and delivering these housing units as per the court’s mandate.
Recent news on NBCC:
As of December 09, 2024, NBCC (India) Ltd has secured a ₹432 crore order from Central University of Odisha for a net-zero sustainable campus. Additionally, its subsidiary, HSCC, has won contracts worth ₹600 crore under Maharashtra’s National Health Mission.
Stock performance of NBCC for Period of 1 week, 6 months and 1 year:
NBCC (India) Limited experienced a decline of 0.76% over the past week and 4.01% over the last six months. However, the company posted an impressive 90.8% return over the past year, indicating strong long-term growth.
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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% | 4.40% | 4.30% |
| DII | 9.10% | 9.50% | 10.00% |
| Public | 25.00% | 24.30% | 24.00% |
About NBCC:
NBCC (India) (NSE: NBCC) is a Navratna Enterprise specializing in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate Development, executing residential, commercial, and government projects across various sectors.
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.
