NBCC Signs MoU Worth Rs 226.84 Crores with Government

NBCC (India) Ltd signed a MoU with the Indian government for the construction of a new office complex worth Rs 226.84 crores.

NBCC Signs MoU Worth Rs 226.84 Crores with Government

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NEW DELHI: NBCC has signed a DGS&D contract and the MoU with Ministry of Commerce and Industry, Government of India for Planning, Designing and Construction of new office complex at 16A akbar road New Delhi amountuing Rs 226.84 crores, company said in a filing with BSE.
NBCC (India) Limited, provides civil engineering construction services. The Company operates through three segments: Project Management Consultancy (PMC), Real Estate Development, and Engineering, Procurement and Construction (EPC).

The stock of the company is trading up 0.10% at Rs 198 at 12:29 PM IST on BSE. It hit a high of Rs 201.85 and a low of Rs 196.50 so far during the day.

The free-float market capitalisation of the company is Rs 4479.75 crores on the NSE.

The company’s peers include Larsen & Toubro Limited, Jindal Saw Limited, and Simplex Infrastructures Limited.

All these are trading in red on Friday on the BSE.

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