NBCC India shares plunge despite securing major contract from NEEPCO
The Contract includes the Development of a Township Project at a plot of 21.66 acres of land acquired by NEEPCO at Umsawli, Mawdiangdiang, Shillong, Meghalaya.
Shares of NBCC (India) Ltd have seen a downfall despite the PSU Stock has secured a major construction order from the Public-Sector unit, North Eastern Electric Power Corporation Ltd.
The Contract includes the Development of a Township Project at a plot of 21.66 acres of land acquired by NEEPCO at Umsawli, Mawdiangdiang, Shillong, Meghalaya. The cost of the Project is Rs 130.58 crore.
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The intimation of the work order received by NBCC is due in the normal course of business.
Shares of NBCC are trading low by 0.97% at Rs 97.68 at NSE.