NBCC India receives ₹45-crore contract from Canara Bank in Jharkhand

State-owned construction firm NBCC India Ltd on Friday (November 21) said it has been awarded a work order worth approximately ₹45.09 crore by Canara Bank for the construction of the official premises

of its regional/circle office building in Ranchi, in Jharkhand.

The order was received in the normal course of business and involves project management consultancy (PMC) services.

Yesterday (November 20), NBCC India said it has secured a PMC contract worth approximately ₹2,966.10 crore for the development of Naveen Nagpur under phase-1 of the Nagpur Metropolitan Region Development Authority (NMRDA).

Also Read: NBCC wins construction order worth nearly ₹500 crore in Jharkhand; Stock gains

The order, valued at ₹2,966.10 crore excluding GST, has been awarded by the Nagpur Metropolitan Region Development Authority. NBCC said the work falls within the ordinary course of its business. The scope involves PMC services for the development of Naveen Nagpur, a major regional project.

Also, NBCC India had successfully concluded the e-auction of 609 residential units across two ongoing housing projects in Greater Noida, Uttar Pradesh, generating sales worth about ₹1,069.43 crore. The sale marks one of the company’s largest digital auction outcomes in recent quarters as demand for ready and near-complete units in the NCR region continues to improve.

Shares of NBCC (India) Ltd ended at ₹112.70, down by ₹3.25, or 2.80%, on the BSE today, November 21.

Also Read: NBCC Q2 Results: Profit grows 26% YoY; board declares second interim dividend