NBCC India Secures Order From IIIT Nagpur For Infra Development

NBCC (India) has been awarded a work order worth approximately ₹ 75 crore for the construction and development of various infrastructure works at the Indian Institute of Information Technology (IIIT), Nagpur.

What Happened: The company made the announcement on Thursday afternoon, stating that the contract involves project management consultancy for the infrastructure development at IIIT Nagpur.

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This latest contract comes on the heels of a series of significant projects bagged by NBCC. Earlier in September, the company had entered into a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Limited (MTNL) to jointly develop a substantial land parcel in New Delhi, a project valued at ₹1,600 crore.

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Furthermore, the company’s wholly-owned subsidiary, HSCC (India) Limited, secured a project worth ₹1,261 crore from the Ministry of Health and Family Welfare, Government of India for the establishment of an All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar.

Price Action: NBCC’s share price was down 1.85% to trade at ₹169.12 in the late hours of trading on Thursday.

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