Stock market update: NBCC (India) gains on bagging contract as PMC consultant
NBCC (India) rose 2.78% to Rs 42.45 after the company said it has been engaged as project management consultant for the construction of FCIL office building at Noida (Uttar Pradesh) on 9 April 2021.
NBCC (India) rose 2.78% to Rs 42.45 after the company said it has been engaged as project management consultant for the construction of FCIL office building at Noida (Uttar Pradesh) on 9 April 2021.
NBCC (India) is the project management consultant (PMC) for a project worth Rs 65.10 crore charging a PMC fee of 7%.
NBCC (India)’s consolidated net profit surged 74.6% to Rs 96.98 crore on 8.4% increase in net sales to Rs 2,078.18 crore in Q3 FY21 over Q3 FY20.
NBCC (India) provides civil engineering construction services. The firm operates through three-segment viz., project management consultancy (PMC), real estate development & engineering, procurement and construction (EPC). As of 31 December 2020, the Government of India held 61.75% stake in the company.
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