NBCC edges higher after clinching fresh PSU orders and posting strong earnings

NBCC shares gained after securing ₹289 crore in new PSU orders and reporting strong revenue and profit growth, reinforcing confidence in its execution pipeline.

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NBCC edges higher after clinching fresh PSU orders and posting strong earnings

NBCC edges higher after clinching fresh PSU orders and posting strong earnings
NBCC (India) Ltd shares traded higher on December 12 after the company announced two new orders worth ₹289 crore from Nalco and SAIL. The larger Nalco contract involves civil, electrical, water supply, horticulture, and construction works at its office and township, while the SAIL Bokaro order covers desilting of Cooling Pond No. 1. Investor sentiment was also supported by robust results, with revenue rising 20% year on year and profit growth remaining healthy.