Stocks

NBCC wins projects; stock to be in focus

| Updated on March 12, 2019 Published on March 12, 2019

 

NBCC (India) has secured new works from Raipur SMART City Limited (RSCL) for various infra projects. The total cost of these projects is ₹700 crore (approx). NBCC signed an MoU with RSCL in February for the various infrastructure works as their executing agency wherein NBCC will charge project management consultancy (PMC) fees of 8 per cent on the actual cost of work. The stock has gained 3.3 per cent with good volume to close at ₹58.9 in BSE. It rose 2.9 per cent to close at ₹58.7 in NSE.

Published on March 12, 2019
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