NBCC Wins Rs 70 Crore Grid-India Headquarters Design and Fitout Contract

NBCC (India) Ltd witnessed a modest increase in its share price, rising by approximately 0.75% to reach Rs 160.67. This uptick followed the company securing a significant order valued at Rs 70 crore through its normal business operations.

In an official filing with the stock exchange, NBCC (India) Limited disclosed that it had been awarded a contract by Grid Controller of India Limited (Grid-India) for the planning, designing, and execution of interior works at "Grand Rue" in New Delhi. This project, aimed at establishing GRID-INDIA, encompasses various tasks including furniture installation, fit-out works, cabling, and other infrastructure requirements.

The contract underscores NBCC's continued involvement in large-scale infrastructure projects across India. The company's ability to secure such contracts highlights its competitive position in the construction and project management sectors.

NBCC (India) Ltd, a prominent public sector unit known for its expertise in executing complex projects, expressed confidence in delivering high-quality results within the stipulated timeframe for the GRID-INDIA establishment. This development is expected to contribute positively to NBCC's operational and financial performance in the coming quarters.

Investors responded positively to the news, reflecting optimism about NBCC's growth prospects amid its ongoing project expansions and contract wins in the infrastructure development sector.

News by Rahul Yelligetti