NBCC subsidiary bags Rs 411 cr order, shares surges 7.41 percent

The Shares of NBCC (India) soared over 7 percent on Monday after the firm informed its wholly-owned subsidiary that it has won orders for the construction of a medical college.

According to the exchange filing, its subsidiary HSCC (India) has won an order for the construction of a new government medical college of 100 student capacity and a 430-bedded hospital at Buldhana from the government of Maharashtra. The approximate value of the order stands at Rs. 411.45 crore.

NBCC (India) is a government of India Navratna Enterprise.  The organisation is involved into three market-focused segments: project management consultancy, engineering procurement and construction, and real estate.