NBCC shares to get focus, secures orders worth Rs 298 crore in healthcare sector

Multi-bagger stock, NBCC (India) has received two orders, totaling over Rs 298 crore, for construction and development projects in the healthcare sector. The first order, valued at Rs 200.60 crore, has been secured from Oil India for the construction of a new Oil Hospital in Duliajan, Assam.

The project will be executed on a turnkey basis under the Depository Works mode. In addition, HSCC (India), a wholly owned subsidiary of NBCC, has secured a second order worth Rs 98.17 crore.

This order, received from the Director of Medical Education and Research (DMER) in Mumbai, Maharashtra, involves the establishment of an E-Library as a unified platform for the students and faculty of 22 Government Medical Colleges and 3 Dental Colleges under the Medical Education Department of Maharashtra.

The shares fell over 3% to Rs 93.97 on the NSE.