Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India jumped 2 percent in the day’s trade upon receiving a work order worth Rs. 92 Crores from PGIMER.
With a market capitalization of Rs. 23,913 Crores, the shares of NBCC (India) Limited were trading at Rs. 132.90, up 0.42 percent from its previous day’s close price of Rs. 132.35.
HSCC (India) Limited a wholly-owned subsidiary of NBCC (India) Limited has received a work order worth Rs. 92 Crores from the Post Graduate Institute of Medical Education And Research (PGIMER)
The said work order is for the Appointment of Architectural Consultant for comprehensive Planning, Designing, and Monitoring & Supervision for the work of Construction of Extension Block for the Advanced Eye center and DDTC in front of the drug De-addiction center, at PGIMER, Chandigarh
NBCC is a Navratna central public sector enterprise, it is one of the largest realty CPSEs in India with operations in project management consultancy and realty development businesses in the domestic as well as foreign markets.
It has a strong business clientele base, consisting of its well-known clients include IIT, IIM, SJVN, BHEL, NTPC, the Republic of Mauritius, the Republic of Maldives, and many More.
As of Q2FY24, it has a consolidated order book of ~Rs. 55,300 Crores and it generates 92 percent of its revenue from Project Management Consultancy, 6 percent from Engineering procurement and construction, and 2 percent from real estate.
Some of the prestigious projects completed or in progress are the World Trade Center, Bharat Mandapam in which the G20 summit was hosted, Garvi Gujarat Sadan, AIIMS Bilaspur, and many more.
Its revenue from operations grew by 20.92 percent from Rs. 1,587 Crores in Q3FY23 to Rs. 1,919 Crores in Q3FY24, accompanied by increasing profits of Rs. 49 Crores to Rs. 94 Crores.
Written by: Bharath K.S
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