NBCC wins work order worth Rs 66.3 crore from Indian Medical Association

After receiving a work order for Rs 66.32 crore from the Indian Medical Association, NBCC India's shares increased by 1% in the opening hours of trading on August 29. The work order includes planning, designing and execution of IMA House at Indraprastha, New Delhi. The order is expected to be executed within 30 months.

The company revealed on 22 August that NBCC and DMRC had signed a Memorandum of Understanding (MoU) on 21 August 2023, agreeing to collaborate on building and infrastructure development projects abroad.

Earlier, on August 11, the company said that it received work orders for various work projects worth Rs 279.31 crore. NBCC posted a net profit of Rs 77.41 crore in the quarter ended June 30, while its total income grew 6.61 percent to Rs 1,917.87 crore.

Source: Media Reports