NBCC climbs 2% on bagging Rs 720 crore order from CCL

NEW DELHI: Shares of NBCC climbed 2 per cent in Tuesday's trade after the state-owned firm bagged a Rs 720-crore contract from Central Coalfield (CCL) to manage the construction of a township project in Jharkhand.

The stock rose 1.99 per cent to hit a high of Rs 38.35 on BSE. The company made the announcement post market hours on Monday.

In a regulatory filing, NBCC said it "has received a letter of acceptance from CCL to provide project management consultancy (PMC) services for construction of smart township/colony roads, network and other road, services buildings and other allied jobs related to mines for Magadh and Amrapali area, Jharkhand."


The estimated project cost is Rs 720.32 crore, it added.

The Delhi-headquarter NBCC holds the status of Navratna CPSE.

With operations spreading across India & overseas, the company is organised into three market-focused segments: PMC (project management consultancy), EPC (engineering procurement & construction) and RE (real estate).

The shares of the company closed 1.46 per cent lower at Rs 37.05 on BSE.