Nitin Gadkari expressed his optimism about India's future in electric vehicle (EV) adoption, predicting that the country will surpass the US in both EV adoption and manufacturing within next 5 years
The NBCC (India) share fell despite the company bagging a Rs 202 crore order from Rajasthan State Industrial Development & Investment Corporation Limited (RIICO)
The rise in the share price came after the State-owned company announced that its arm, HSCC (India) Limited, has secured orders worth Rs 1,322.48 crore
The uptick in NBCC share price came after the company announced, via two separate filings, that it has sold commercial spaces worth Rs 2,251 crore.
The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)
The 50-km four-lane highway road project-- estimated to cost Rs 20 billion -- will be developed under Green Infrastructure/Green Road Model