Rs 1,20,533 crore order book: Civil construction company receives new order worth Rs 172.46 crore from UCO Bank
The stock is up by 74 per cent from its 52-week low is Rs 70.82 per share.
On Tuesday, shares of NBCC (India) Ltd-backed by the President of India & LIC; gained 0.82 per cent to Rs 123.10 per share from its previous closing of Rs 122.10 per share. The stock’s 52-week high is Rs 139.90 and its 52-week low is Rs 70.82. The company has a market cap of Rs 32,550 crore and has been maintaining a healthy dividend payout of 33 per cent.
NBCC (India) Limited has secured a significant work order from UCO Bank for approximately Rs 172.46 Crore (excluding GST). This contract, which falls within NBCC's normal course of business, involves the construction of a modern high-rise structure for the UCO Bank Head Office in New Town, Kolkata. The project will also incorporate a Green Building Rating, aligning with contemporary sustainable construction practices. This domestic project consultancy and management contract highlights NBCC's expertise in large-scale building initiatives.
About the Company
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.
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According to the Quarterly Results, the net sales increased by 16 per cent to Rs 4,643 crore and the net profit increased by 30 per cent to Rs 183 crore in Q4FY25 over Q4FY24. In its annual results, the net sales increased by 15 per cent to Rs 12,039 crore and the net profit increased by 35 per cent to Rs 557 crore in FY25 over FY24.
The company's order book as of March 31, 2025, stands at Rs 1,20,530 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 74 per cent from its 52-week low is Rs 70.82 per share.
Disclaimer: The article is for informational purposes only and not investment advice.