Market Performance
Despite a significant downturn in the broader stock market on June 13, NBCC's share price showcased resilience.
- NBCC opened at ₹117.80 on the BSE
- The previous close was ₹120.70
- The stock recovered to hit an intraday high of ₹121.70
This performance stood out even as benchmark indices like the Sensex and Nifty plunged more than 1% during intraday trading.
Main News: NBCC Secures ₹519 Crore Work Orders
NBCC India Ltd. made a notable announcement after market hours on Thursday. The company revealed that it has secured multiple construction projects for Jawahar Navodaya Vidyalaya campuses under the Navodaya Vidyalaya Samiti across four Indian states.
These projects cover the Northeastern states of Assam, Manipur, Arunachal Pradesh, and Telangana.
Company Details: Breakdown of ₹519 Crore Orders
NBCC will undertake the construction of permanent school campuses in several districts. Here's the state-wise and project-wise financial breakup:
Arunachal Pradesh
NBCC will construct campuses in the following districts:
- Lohit: ₹72.33 Crore
- Pakke Kessang: ₹66.53 crore
- Lower Slang: ₹64.75 Crore
- Lepa Rada: ₹75.90 Crore
Assam
Construction of new campuses in:
- Sonitpur: ₹11.08 Crore
- Majuli: ₹55.38 Crore
- Charai Deo: ₹55.38 Crore
Manipur
- Noney District: ₹70.29 Crore
Telangana
- Bhadradri, Kothagudem: ₹66.85 crore
Total Order Value: ₹519.49 Crore
This large-scale order highlights NBCC India's ongoing involvement in government infrastructure projects across diverse geographies.
Summary
Despite bearish market sentiments, NBCC's share price moved upward in intraday trading on June 13. The bullish movement came after the announcement of new work orders worth over ₹519 Crore.
The company will develop educational infrastructure across key districts in Arunachal Pradesh, Assam, Manipur, and Telangana. Each project aims to build permanent campuses for Jawahar Navodaya Vidyalayas, thereby further strengthening NBCC's position in the public infrastructure domain.
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