NBCC firms up on order from University Grant Commission

The order for construction of new UGC Building Complex is approx Rs 270 crore

Shares of NBCC were up nearly 2% after the construction major announced that it has signed a Memorandum of Understanding (MoU) with University Grant Commission for the construction of new UGC Building Complex at JNU Campus, New Delhi.

The construction contract is worth approximately Rs 270 crore, the company said in a release.

The stock opened at Rs 251 and touched a high of Rs 254. At 11:10am, over 655,000 shares were traded on both the stock exchanges.