NBCC climbs on bagging Rs 500-cr order

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Capital Market
Last Updated : Nov 20 2019 | 12:04 PM IST

NBCC (India) said it received Rs 500 crore order to develop the National Museum of Natural History at Bhairon Marg in New Delhi.

The Ministry of Environment, Forest and Climate, Government of India has entrusted NBCC (India) as a principle project consult and executing agency for developing the National Museum of Natural History at Bhairon Marg in New Delhi. The estimated project cost is approximately Rs 500 crore. The announcement was made after market hours yesterday, 19 November 2019.

Shares of NBCC (India) rose 1.08% to Rs 37.30. Meanwhile, the S&P BSE Sensex was trading 0.78% higher at 40,786.23 after scaling a record high of 40,805.

NBCC (India) is a Government of India Navratna Enterprise. With operations spreading across India & Overseas, the company is organized into three market focused segments: project management consultancy, engineering procurement & construction & real estate.

The Government of India holds 65.93% stake in the company as of September 2019.

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First Published: Nov 20 2019 | 10:53 AM IST

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