NBCC shares gain over 2% intraday on securing orders worth Rs 17,516 cr in FY16

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New Delhi | Updated: April 8, 2016 5:00:38 PM

National Building Construction Corporation (NBCC) shares gained as much as 2.5 per cent on Friday after the company informed bourses that it has secured orders of Rs 17,516.53 crore in 2015-16.

sensex, nifty, bse, nse, nbcc sharesNational Building Construction Corporation (NBCC) shares gained as much as 2.5 per cent on Friday after the company informed bourses that it has secured orders of Rs 17,516.53 crore in 2015-16.

National Building Construction Corporation (NBCC) shares gained as much as 2.5 per cent on Friday after the company informed bourses that it has secured orders of Rs 17,516.53 crore in 2015-16.

At 1.24 pm, shares of NBCC were trading 1.65 per cent up at Rs 955.50. The scrip opened at Rs 948.65 and has touched a high and low of Rs 963.95 and Rs 946.55, respectively, in trade so far. Later, the scrip closed 1.26 per cent up at Rs 951.75.

NBCC secured orders including Rs 2,149-crore from the Indian Trade Promotion Organisation (ITPO) for redevelopment of exhibition venue at Pragati Maidan and Rs 5,828 crore redevelopment project from AIIMS.

“NBCC has secured a total business of Rs 226.96 crore in March, 2016 under the Project Management Consultancy (PMC) segment and the total work secured during 2015-16 amounts to Rs 17,516.53 crore,” it said in a regulatory filing.

For the quarter ended December 2015, NBCC reported a consolidated net profit of Rs 57.28 crore, up 13.54 per cent, against Rs 50.45 crore in the corresponding quarter last year.

In the past one year, share price of NBCC fell 4.29 per cent to Rs 939.95 on April 7, whereas BSE Sensex slipped 13.43 per cent during the same period.

NBCC is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.

(With agency inputs)

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