NBCC rallies over 5% on bagging Rs 1,237 crore work order in Odisha
At 09:40 a.m.; the stock was at Rs 833.55, up 3.42 per cent, on the BSE. It rallied 5.18 per cent to touch a high of Rs 847.75 in early trade.
By ET Online | Updated:
MUMBAI: Shares of NBCC gained momentum in trade today after the company bagged Rs 1237 crore order under Pradhan Mantri Gram Sadak Yojana (PMGSY) in Odisha.
"The Company has been entrusted PMGSY works valued at Rs.1236.88 cr. in certain IAP districts of Odisha and a tripartite agreement in this regard will be signed on January 12, 2015 between Ministry of Rural Development, Govt. of India; Department of Rural Development, Govt. of Odisha and NBCC," the company said in a filing to stock exchanges.
At 09:40 a.m.; the stock was at Rs 833.55, up 3.42 per cent, on the BSE. It rallied 5.18 per cent to touch a high of Rs 847.75 in early trade.
"The Company has been entrusted PMGSY works valued at Rs.1236.88 cr. in certain IAP districts of Odisha and a tripartite agreement in this regard will be signed on January 12, 2015 between Ministry of Rural Development, Govt. of India; Department of Rural Development, Govt. of Odisha and NBCC," the company said in a filing to stock exchanges.
At 09:40 a.m.; the stock was at Rs 833.55, up 3.42 per cent, on the BSE. It rallied 5.18 per cent to touch a high of Rs 847.75 in early trade.
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