NBCC stock zooms over 11% on winning Rs 180Cr order from SAIL

NBCC India Ltd stock zoomed over 11% on Thursday's trading session after winning a major order from SAIL.

 

In a regulatory filing, the company informed that it has received Consultancy & Project Management Services order from SAIL for upcoming Infrastructural related projects of Bokaro Steel Limited Plant, township, Mines & Collieries.

 

Further, the order value is Rs 180 crore, the company mentioned.

 

At around 10:05 AM, shares of NBCC were trading higher by 11.54% at Rs62.72 per share, inching close to its 52-week high of Rs63.65 per share seen on September 6, 2023 on the BSE.

 

Also, NBCC has signed a quadripartite MoU with Ministry of Steel (MoS) Govt. of India, Rashtriya Ispat Nigam Limited (RINL) and National Land Monetization Corp. Ltd. (NLMC) for monetization of the non-core assets of RINL at Vishakhapatnam.

 

As per MoU, NBCC would act as technical cum transaction advisor and assist Ministry of Steel (MoS), RINL and NLMC in monetization of the non-core assets, the company said to the exchanges.

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Share Market

blog-logo

9 mins read . 30 Oct 2024

Top Small Finance Bank Stocks in India

  • 0 people read
blog-logo

Insights

blog-logo

10 mins read . 30 Oct 2024

How to do Valuation Analysis of a Company

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions