NBCC shares soar 4% after winning multiple orders worth ₹405 crore, inks ₹3,500 crore deal

Bags five orders

Of all the orders received by the PSU, the largest worth ₹151.93 crore, was awarded by the Hindu College, University of Delhi for planning, design and execution of construction of “Centre for Advance Studies”, the company said in a regulatory filing dated January 15, 2025.

NBCC was also awarded a contract valued at ₹118.64 crore for planning, designing, and constructing the development of facilities at Fakir Mohan University (Vyasa Vihar), Balasore.

Additionally, it signed another order for ₹84.75 crore to construct the development amenities at Maharaja Sriram Chandra Bhanja Deo University, Sriramchandra Vihar, Takatpur, Baripada, Mayurbhanj.

The company was allotted another significant order worth ₹37.90 crore for the planning, designing and construction of an office building in Lucknow by the Uttar Pradesh Construction and Labour Development Federation (UPCLDF).

Lastly, it signed a deal valued at ₹11.86 crore with the Western Regional Power Committee (WRPC) of Mumbai for project management consultancy services to upgrade WPPC staff quarters, including structural repairs and external development.

₹3,500 crore project

Under an MoU with Sarkari Awas Nirman Avam Vitt Nigam, NBCC was awarded work for the “execution of mixed land use development” of the 588-acre Poorvi Vihar site in Lucknow. The project worth ₹3,500 crore will initially include the PSU taking possession of a 50-acre encumbrance-free site for planning, design, and development.

“NBCC will execute the project on a ‘deposit on work’ basis and the agency charge is 10% on the actual cost of the project plus GST & taxes as per applicable rates,” the company said.

Stock reaction

The stock closed in the green at ₹85.88, up 2.10% on the National Stock Exchange (NSE) on Wednesday.

It tumbled 3.14% in the past five days and 15.03% over the last month. It further lost 31.51% in six months. However, the scrip soared 40.40% over the last year.

According to the NSE, the PSU has a total market capitalisation of ₹23,187.60 crore as of January 15, 2025.