NBCC Secures ₹720 Crore in New Orders, Sparks Stock Surge

Shares of NBCC (India) surged on Monday following the company’s announcement of two significant new contracts, though the initial spike in stock value moderated soon after. The first order, valued at approximately ₹9.97 crore, involves the construction of a new building for the Hyderabad Chapter of the Institute of Company Secretaries of India.

The second and more substantial contract, awarded by the Jhansi Development Authority, is worth ₹710 crore. This project includes the development of two land parcels in Jhansi, marking a major expansion in the company's portfolio.

This announcement follows NBCC’s recent success in securing a ₹15,000 crore contract from the Srinagar Development Authority. That project entails the development of a large satellite township across 406 acres in Rakh-e-Gund Akshah, Bemina, Srinagar, signaling a strong growth trajectory for the public sector enterprise.

The new contracts underscore NBCC’s expanding role in major infrastructure projects across India. Despite the initial boost in stock price, the market’s reaction settled, reflecting ongoing investor confidence in the company's robust pipeline and growth potential.

The combined value of these new orders highlights NBCC’s continued prominence in the construction and development sector, reinforcing its position as a key player in large-scale infrastructure projects.

News by Rahul Yelligetti