NBCC bags orders worth Rs 981 crore in March'22

Capital Market 

NBCC (India) said that it has secured the total business of Rs 981.17 crore in the month of March 2022.

Out of the total contracts received, order worth approximately Rs 500 crore was received from the Union Territory of Ladakh.

Further, the company secured work orders worth Rs 52.73 crore from the Directorate General Defence Estates (DGDE).

The University of Delhi had awarded the company with contracts worth Rs 418.16 crore.

The company has also secured a work order of Rs 10.28 crore from MSTC.

NBCC (India) provides civil engineering construction services. The Government of India held 61.75% stake in NBCC (India).

The company's consolidated net profit declined 11.12% to Rs 83.04 crore on a 5.11% fall in sales to Rs 1971.98 crore in Q3 FY22 over Q3 FY21.

The scrip fell 1.86% to currently trade at Rs 39.65 on the BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 18 2022. 14:56 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU