Shares of one of the largest realty CPSEs in India with operations in project management consultancy and development are in focus on Monday, after receiving new work orders worth Rs. 44.62 crores from Mahatma Gandhi Institute for Rural Industrialisation (MGIRI), Wardha.
Price Movement
With a market cap of Rs. 21,030.3 crores, the shares of NBCC (India) Limited closed in the green at Rs. 77.89, as compared to its previous closing price of Rs. 77.85. The stock has delivered positive returns of nearly 5 percent over one year, while around 5 percent of negative returns in one month.
What’s the news
According to the latest regulatory filings with the stock exchanges, NBCC (India) Limited secured an order valued at around Rs. 44.62 crores from Mahatma Gandhi Institute for Rural Industrialisation (MGIRI), Wardha.
The company acts as the Project Management Consultant (PMC) for the construction and development of infrastructure at MGIRI, as well as a hostel and VIP guest house at MGIRI, Wardha. The project will be executed under the EPC (Engineering, Procurement, and Construction) mode.
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Previous Orders
13th February: NBCC received an order worth Rs. 851.7 crores from Damodar Valley Corporation and Ministry of Housing and Urban Affairs for the construction of buildings and associated works for a township, along with maintenance work at the New Moti Bagh GPRA Complex, respectively.
24th February: The company secured an order worth Rs. 264.16 crore from NIT Kurukshetra for Project Management Consultancy (PMC) in constructing various buildings, including an academic block, hostel block, residential block, director’s residence, vertical extensions of hostels and academic buildings, and other external development work. This project will also be executed under the EPC mode.
Financials & Order Book
The company reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 16.6 percent, rising from Rs. 2,424 crores in Q3 FY24 to Rs. 2,827 crores in Q3 FY25.
Likewise, during the same period, the company’s net profit increased from Rs. 114 crores to Rs. 142 crores, representing a significant growth of around 24.6 percent YoY. As of January 2025, the company’s consolidated order book stood at Rs. 1 lakh crores.
About the company
NBCC (India) Limited, one of the largest realty CPSEs in India, is a Navratna Enterprise under the Ministry of Housing and Urban Affairs, operating in three major segments: Project Management Consultancy, Real Estate and Engineering Procurement & Construction (EPC).
Written by Shivani Singh
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