Rs 1,00,000 Crore Order Book: Civil Construction Company Bags Orders Worth Rs 130.58 Crore From North Eastern Electric Power Corporation Ltd
The stock is up by 41.4 per cent from its 52-week low is Rs 70.82 per share.
NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialise in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls.
Order Bagged
NBCC (India) Limited has announced the receipt of a new work order valued at approximately Rs 130.58 Crore (excluding GST) in the normal course of business. The project, awarded by the North Eastern Electric Power Corporation Ltd. (NEEPCO), involves the development of a township project on a 21.66-acre plot of land acquired by NEEPCO, located at Umsawli, Mawdiangdiang, Shillong, Meghalaya. This new acquisition further bolsters NBCC's project portfolio and demonstrates its continued success in securing development projects across the country.
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Results
According to the Quarterly Results, the net sales increased by 16.6 per cent to Rs 2,826.96 crore and the net profit increased by 25.4 per cent to Rs 142.43 crore in Q3FY25 over Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 7,429.84 crore and the net profit increased by 37 per cent to Rs 374.76 crore in 9MFY25 over 9MFY24.
The company's order book as of December 31, 2024, stands at Rs 1,00,000 crore. As of March 2025, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock is up by 41.4 per cent from its 52-week low is Rs 70.82 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.