NBCC (India) surged 4.01% to Rs 42.75 after the company said that it had received total orders worth Rs 271.62 crore for various projects from Amrapali Group.
The company received a Rs 42.44-crore order for construction of balance works of Amrapali corporate hub at tower J, sector-2, IMT Manesar, Gurugram, Haryana, related to Amrapali group of companies on design, engineering, procurement and construction (EPC) basis.Further, the company also bagged order worth Rs 229.18 crore for special repair & up gradation works of civil, electrical, mechanical & plumbing along with all allied works required due to lack of comprehensive maintenance of Amrapali projects at Noida & Greater Noida.
NBCC (India) is a central public sector undertaking under the ownership of Ministry of Housing and Urban Affairs, Government of India. With operations spreading across India & Overseas, the company is organized into three market focused segments : PMC (Project Management Consultancy), EPC (Engineering Procurement & Construction) & RE (Real Estate).
The company's consolidated net profit rose 34.1% to Rs 95.46 crore on 8.4% rise in net sales to Rs 2,013.08 crore in Q2 FY23 over Q2 FY22.
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