NBCC (India) awards contract worth Rs351cr to Gaursons Hi-Tech Infra; stock gains 2%

The work involves construction of balance works and rectification of defects for the works of HEART BEAT – 2 in Noida pertaining to Amarpali group of companies on EPC basis.

January 05, 2021 10:03 IST India Infoline News Service

NBCC (India) Limited has awarded the work for construction of balance works and rectification of defects for the works of HEART BEAT - 2 on as is where Basis at Heartbeat City, Noida, pertaining to Amrapali group of companies on Engineering, Procurement and Construction basis to Gaursons Hi-Tech Infrastructure for a total contract value of Rs351cr.

The company stock was bullish in early trade on Tuesday. At around 10.06 am, NBCC (India) Ltd was trading at Rs31.40 per piece up by Rs0.55 or 1.78% on the BSE.
The scrip opened at Rs30.90 and has touched a high and low of Rs31.60 and Rs30.75 during intraday trade so far.

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