NBCC India shares plunge despite securing major contract from NEEPCO

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.

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.