NBCC (India) Limited gained over 4% during intraday trade on Tuesday the company announced on Monday that it has been picked as a project management consultant (PMC) for the construction of the FCIL office building at Noida.
The company stock was bullish after the annoucement and at around 10.50 am, NBCC (India) Ltd stock was trading at Rs42.95 up by Rs1.65 or 4% from its previous closing of Rs41.30 on the BSE. It hit day's high of Rs43.30 per piece early on.
“This is to inform that NBCC (India) Limited has been awarded the work order for engagement as Project Management Consultant (PMC) for Construction of FCIL office building at Noida, Sector -1 on April 9, 2021. NBCC is the Project Management Consultant for this project value of Rs65.10cr at PMC fee of 7%,” government's construction arm, said.