NBCC Shares Up 2.5% On Bagging Rs 17,516 Crore Orders In FY16

NBCC Shares Up 2.5% On Bagging Rs 17,516 Crore Orders In FY16

Mumbai: Shares of National Buildings Construction Corporation (NBCC) today rose 2.5 per cent as the company secured orders worth Rs 17,516 crore in the last fiscal.

The stock moved up by 2.55 per cent to Rs 963.95 on BSE.

At NSE, shares of the state-run firm gained 2.26 per cent to Rs 963.80.

NBCC has secured some big ticket orders including Rs 2,149-crore order from the Indian Trade Promotion Organisation (ITPO) for redevelopment of exhibition venue at Pragati Maidan and Rs 5,828 crore redevelopment project from AIIMS.

“NBCC has secured a total business of Rs 226.96 crore in March, 2016 under the Project Management Consultancy (PMC) segment and the total work secured during 2015-16 amounts to Rs 17,516.53 crore,” it said in a regulatory filing yesterday.
[“source-ndtv”]