NBCC bags ₹350 crore project management order from Heavy Vehicles Factory

State-owned NBCC (India) Ltd on Friday announced that it has been awarded a ₹350.31 crore work order from the Heavy Vehicles Factory (HVF) for project management consultancy (PMC) services to carry out major capital civil works at HVF and AVNL Estate.

According to the company’s regulatory filing, the order has been received in the normal course of business and involves domestic project management work, excluding GST.

As of 2:10 PM, shares of NBCC (India) Ltd were trading 1.7% higher at ₹113.35 on the NSE.

This latest order adds to NBCC’s growing portfolio of infrastructure assignments. In September, the company signed an MoU with Rajasthan State Industrial Development and Investment Corporation (RIICO) for infrastructure projects worth around ₹3,700 crore near Jaipur International Airport.

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It also entered into a separate agreement with HUDCO for executing four construction projects across the country.

NBCC had reported a 26% year-on-year rise in consolidated profit to ₹132 crore in the June quarter, supported by healthy revenue growth and operational efficiency.