Navratna public sector enterprise engaged in the business of construction and development jumped 3 percent in the day’s trade after receiving another work order from SAIL worth Rs. 150 Crores.
At 12:41 p.m. the shares of NBCC (India) Limited were trading at Rs. 79.75, up 1.85 percent from its previous day’s close price of Rs. 78.30 and its market capitalization is Rs. 14,347 Crores.
NBCC Limited has received a work order worth Rs. 150 Crores from Steel Authority of India Limited(SAIL) ISP Burnpur for Civil and various types of infrastructure works for the plant and township at SAIL ISP, Burnpur.
Recently it received an order worth Rs. 150 Crores from the Steel Authority of India Limited(SAIL) for Various Construction and Renovation works at SAIL DSP, Durgapur, and the contract should be executed in 3 years.
NBCC generates 92 percent of its revenue from Project Management Consultancy, 6 percent from Engineering procurement and construction, and 2 percent from real estate. As of Q2FY24, it has a consolidated order book of ~Rs. 55,300 Crores.
It has a strong clientele base, some of its well-known clients include IIT, IIM, SJVN, BHEL, NTPC, the Republic of Mauritius, the Republic of Maldives, and many more.
Its revenue from operations grew 13.83 percent from Rs. 7,690.61 Crores in FY22 to Rs. 8,754.44 Crores in FY23, accompanied by increasing profits of Rs. 224.32 Crores to Rs. 266.67 Crores.
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.
Written by: Bharath K.S
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