NBCC (India) Ltd shares gained as much as 14 per cent in the early trade on Thursday after the government approved the redevelopment of General Pool Residential Accommodation (GPRA) colonies in Sarojini Nagar, Netaji Nagar, Nauroji Nagar through the state-owned construction company.
At 10.02 am, shares of NBCC (India) were trading 10.21 per cent up at Rs 214.80. The scrip opened the day at Rs 198.15 and has touched a high and low of Rs 222.15 and Rs 198.15, respectively, in trade so far. Later, share price of the company settled 10.47 per cent up at Rs 215.30.
NBCC also signed an MoU with Gremound Engineering, a Hungarian company for partnership in introducing new construction technology in India for implementation of mass housing projects in the country.
The comany on Tuesday also said that it has bagged projects worth Rs 587.47 crore in June. It had secured business worth Rs 1,900.79 crore in May.