Civil Construction PSU, NBCC bags construction projects worth Rs 9,445 crore
The projects will include 49,748 houses in these four states. The construction cost of the project is around Rs 9,445 crore, including a 3% contingency.
Civil Construction PSU, NBCC bags construction projects worth Rs 9,445 crore
State-run NBCC (India) Ltd. on Thursday, December 12, said it has bagged multiple construction projects worth Rs 9,445 crore across four Indian states of Uttar Pradesh, Uttarakhand, Haryana, and Karnataka.
As per the stock exchange filing, the company said the National Company Law Appellate Tribunal (NCLAT), in its order on Thursday, appointed NBCC as the project management consultant for the completion of 16 projects of Supertech Ltd., spread across the above-mentioned four states.
The projects will include 49,748 houses in these four states. The construction cost of the project is around Rs 9,445 crore, including a 3% contingency. The Project Management Consultancy (PMC) fees are fixed at 8%, including a 1% marketing fee, the stock exchange filing stated.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Third Wave Coffee appoints Akshat Arora as Marketing Director
Earlier, NBCC received an order worth Rs 432 crore from the Central University of Odisha. The work includes providing comprehensive project management consultancy services for the construction of a net zero sustainable campus at the Central University at Odisha Sunabeda.
NBCC shares were trading 1.64% lower at Rs 100.38 apiece at 2.30 pm on Thursday, December 12. The stock has gained 83.73% this year, so far.
Read Also : NLCIL introduces free special bus service for intellectually challenged school children