This company announced securing a work order worth Rs 131 crores from North Eastern Electric Power Corporation Ltd. In this article, we will dive into the details of this announcement made by the company.
Price Movement
With a market capitalization of Rs 26,282 crore, the shares of NBCC (India) Ltd are currently trading at Rs 97.3 per share, down by 30 percent from its 52-week high of Rs 140 per share. In the last year, the stock has given a positive return of 2.52 percent.
About the announcement
On Tuesday, NBCC (India) Ltd announced that it has secured a work order from NEEPCO. NBCC (India) Limited has declared that it has received a major order worth around Rs 130.58 Crores (excluding GST) for development of a township project. The project will be executed on a 21.66-acre land plot, acquired by North Eastern Electric Power Corporation Ltd. (NEEPCO), and situated at Umsawli, Mawdiangdiang, Shillong, Meghalaya.
This project is a part of NBCC’s normal course of business, building on the company’s activities in large-scale infrastructure and construction projects. The township development is likely to contribute to the growth of the company and further consolidate the company’s position in the residential and commercial real estate market.
This order further adds to NBCC’s market leading position and sustained focus on implementation of key projects in India, especially in infrastructure and realty sectors. This project, awarded by NEEPCO, is another example of supporting the growth needs of key industry sectors in Northeast India.
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Financial Highlights
It reported a consolidated revenue of Rs 2,827 crores in Q3 FY25, up 16.63 percent from its Q3 FY24 revenue of Rs 2,424 crores. Additionally, it reported a net profit of Rs 142 crores in Q3 FY25, up by 24.56 percent, from its Q3 FY24 net profit of Rs 114 crores. It has an ROE and ROCE of 24.85 percent and 32 percent, respectively, and is trading at a P/E of 46.55x as compared to its industry average of 35.25x.
About the company
NBCC (India) Limited provides project management consultancy, engineering procurement and construction (EPC), and real estate development in India and overseas. It executes civil construction projects such as residential and commercial complexes, hospitals, and government redevelopment work, along with infrastructure projects such as roads, water schemes, and waste management.
It also undertakes specialized projects such as chimneys, cooling towers, coal facilities, and airports. NBCC provides project planning and design through to construction, testing, and commissioning. It also develops real estate, such as townships and commercial properties, and offers post-construction maintenance and hospital consultancy services.
Written by Satyajeet Mukherjee
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