Navratna Central public sector enterprise engaged in the business of construction and development with clients such as IIM, IIT, BHEL, and many more jumped 5 percent after receiving work orders worth Rs. 1500 Crores from NCDC.
At 10:10 a.m the shares of NBCC (India) Limited were trading at Rs. 82.90, up 3.37 percent from its previous day’s close price of Rs. 80.20 and its market capitalization of Rs. 14,958 Crores.
NBCC (India) Limited has received work orders worth Rs. 1500 Crores, from the National Cooperative Development Corporation (NCDC), for the construction of 1,469 warehouses and other agriculture infrastructure under the world’s largest grain storage plan in the cooperative sector at various locations in India.
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.
Some of its famous clients include IIM, IIT, BHEL, NTPC, SJVN, the Republic of Mauritius, the Republic of Maldives, and many more.
The company’s 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, which is one of the largest construction CPSEs in India, it conducts its 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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