Navratna company gets orders worth Rs 450 crore
Business Business: Navratna NBCC (India) Limited has received several orders. The company said on Tuesday that it has received orders worth Rs 448.74 crore. NBCC received these orders from GAIL, New India Assurance, UP (Western) and Income Tax Commissioner, Uttarakhand, Kanpur. NBCC shares rose to Rs 96.45 on Tuesday. The share price of Navratna has increased by more than 310% in the last two years. NBCC has given bonus shares to shareholders twice in the last few years.
NBCC has received a contract of Rs 50 billion from government company GAIL. The company has received a second order from New India Assurance. The value of this order is 136 million Tomans. NBCC has won its third contract for the construction of Direct Tax Bhawan and Apartment Complex. The value of this order is 262.74 crores. NBCC had received a construction contract of Rs 500 crore from the Bureau of Indian Standards only last week. The company announced on November 4 that its Bengaluru subsidiary Hindustan Steel Construction Limited (HSCL) had won a contract worth Rs 650 million.
NBCC shares have gained more than 310% in the last two years. The share price of Navratna was Rs 23.20 on November 11, 2022. The shares of the state-owned company reached Rs 96.45 on November 12, 2024. During the last year, the share price of this company has increased by about 110%. The share price of NBCC was Rs 45.43 on November 13, 2023. The share price of the company reached Rs 96.45 on November 12, 2024. The share price of this company in the last 52 weeks was Rs 139.83. At the same time, the 52-week low of the company is Rs 42.53.
