NBCC gains on order win of Rs 250 crore from Mauritius government

The stock rallied nearly 5% to Rs 178 on BSE in early morning trade

NBCC
SI Reporter Mumbai
Last Updated : Mar 14 2017 | 10:28 AM IST
NBCC (India) rallied nearly 5% to Rs 178 on BSE in early morning trade after the state-owned company said it has secured a contract worth about Rs 250 crore in Mauritius.

“The company has signed an agreement with the State of Mauritius (Government of Mauritius) and Landscope (Mauritius) for construction of new Supreme Court building on PMC basis in Mauritius,” NBCC said in stock exchange filing on March 10, 2017.

The approximate value of the project is Rs 250 crore having completion period of 24 months, it added.

At 10:22 am; the stock was up 2.4% at Rs 175 on BSE. A combined 935,844 shares changed hands on the counter on BSE and NSE so far.

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