Navratna Central public sector enterprise engaged in the business of construction and development jumps 2 percent after receiving orders worth Rs. 180 Crores and selling its unsold inventory for Rs. 905 Crores.
At 2:44 p.m. the shares of NBCC (India) Limited were trading at Rs. 82.60, up 0.61 percent from its previous day’s close price of Rs. 82.10 and its market capitalization is Rs. 14,863 Crores.
NBCC Limited has received an order worth Rs. 150 Crores from 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.
It has received another order worth Rs. 29.70 Crores from Pt. Deendayal Upadhyaya National Institute for the Construction of Permanent Building of Composite Regional Centre (CRC) at Samba, Jammu, UT of J&K.
In addition to this NBCC (India) has sold a total unsold commercial inventory of 2.23 lakh sq. ft. (approx.) having a sale value of Rs. 905.01 crore, out of which 0.43 lakh sq. ft. area having a sale value of Rs. 191.84 crore has been sold to private entities.
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 customer base, 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 has 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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