 "NBCC gains on signing project specific MoU with NAWADCO")
Shares of National Building Construction Corporation (NBCC) were higher by 4% at Rs 819 on the NSE in early morning trades after the company said it has undertaken the task of developing four Waqf Board properties as institutional and commercial projects at an estimated cost of Rs 398 crore.
The state-owned realty company has inked project-specific Memorandum of Understanding (MoU) with National Waqf Development Corporation (NAWADCO) for the development of 4 properties - Gulistan Shadi Mahal, Masjid-e-Mavalli, Dargah Hazrat Attaullah Shah in Bangalore and Takiya Chand Shah in Jodhpur involving an overall construction cost of Rs 398 crore, NBCC said in a statement.
The company had, earlier, on September 08, 2014 signed a MoU with NAWADCO, for the development of Waqf properties all over India as institutional and commercial projects.
Till 0929 hours, a combined 214,886 shares changed hands on the counter on the NSE and BSE.
The state-owned realty company has inked project-specific Memorandum of Understanding (MoU) with National Waqf Development Corporation (NAWADCO) for the development of 4 properties - Gulistan Shadi Mahal, Masjid-e-Mavalli, Dargah Hazrat Attaullah Shah in Bangalore and Takiya Chand Shah in Jodhpur involving an overall construction cost of Rs 398 crore, NBCC said in a statement.
The company had, earlier, on September 08, 2014 signed a MoU with NAWADCO, for the development of Waqf properties all over India as institutional and commercial projects.
Till 0929 hours, a combined 214,886 shares changed hands on the counter on the NSE and BSE.
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