The construction company received many orders
Business Business: Shares of state-owned NBCC (India) Limited remained in focus in Monday’s trade. The company’s shares rose 1.5% today to an intraday high of Rs 180.20. There is a big order behind this rise in the stock. Actually, the company has received an order of Rs 101 crore from the National Highway Authority of India (NHAI). After this news came out, the shares rose sharply. We would like to tell you that LIC has a 5.96% stake in the company which is 10,73,25,394 shares. The company said in a statement on Monday that it has received a work order of Rs 101 crore from NBCC. According to the stock exchange, this contract is for the construction work of the permanent office building of the National Highways Authority of India for the Project Implementation Unit (PIU) of the Regional Office (RO) of the National Highways Authority of India. Let us tell you that last week the company won another contract of IIT and $ 75 billion to set up AIIMS hospital in Darbhanga, Bihar. In a regulatory filing, NBCC said its subsidiary HSCC (India) Ltd was recently entrusted with the task of opening AIIMS hospital in Darbhanga.
NBCC share price has surged in the last two days, gaining 4.96 per cent during this period. According to BSE data, NBCC shares due in 2024 have gained 118.67%. The Sensex stock has gained 481.63% in the last two years, while the benchmark Sensex has gained 47.27%.
