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NBCC Shares Rally 5% on Rs 110+ Crore Order Wins
Shares of NBCC (India) Ltd surged nearly 5% on the BSE today after the state-owned construction giant secured two new orders worth over Rs 110 crore. The stock opened at Rs 126.50 and climbed to an intraday high of Rs 132.80, reflecting strong investor confidence in the company’s growth prospects.
Key Details of the New Contracts
The new orders, awarded to NBCC (a Navratna PSU under the Ministry of Housing and Urban Affairs), include:
1. Construction of NTPC Staff Quarters (Rs 70 crore) – Residential project in Odisha.
2. Government Building Modernization (Rs 40 crore) – Upgradation work in Uttar Pradesh.
These contracts reinforce NBCC’s expertise in civil construction and redevelopment, strengthening its position as a leader in India’s infrastructure sector.
Why Investors Are Bullish on NBCC
The stock’s rally was backed by:
– Robust Order Book (Rs 50,000+ crore): Includes high-profile projects like Pragati Maidan redevelopment.
– Government Support: Steady contracts from public sector entities.
– Sector Growth: Infrastructure push under PM Gati Shakti and Smart Cities Mission.
“NBCC’s consistent order wins and execution track record make it a top infrastructure pick,” said Priya Sharma, equity analyst at Spark Capital.
Risks to Watch
Despite optimism, challenges remain:
– Project Delays: Historical issues in projects like Amrapali.
– Rising Material Costs: Steel and cement price hikes may impact margins.
Future Growth Drivers
Upcoming opportunities for NBCC include:
– GPRA colony redevelopment in Delhi.
– Green building initiatives.
– Potential overseas expansion in Africa and the Middle East.
Conclusion
NBCC’s latest orders highlight its strong market position and growth potential. While government backing and a solid order book are positives, execution efficiency will be key to sustaining momentum.
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