NBCC Share Price Gains After Securing ₹296.53 Crore Work Order from Meerut Development Authority

NBCC (India) Limited has announced a major win with the acquisition of a work order valued at ₹296.53 crore. This development has contributed positively to the NBCC share price. 

NBCC's Latest Order Win

On Monday, June 23, 2025, NBCC India secured a significant contract from the Meerut Development Authority for a redevelopment project. The order is worth approximately ₹296.53 crore, excluding GST. This latest contract will support NBCC's ongoing expansion in the infrastructure sector, reinforcing its position as a key player in the project management and 

Details of the Order

The contract awarded to NBCC pertains to the redevelopment projects initiated by the Meerut Development Authority (MDA) in Meerut, Uttar Pradesh. NBCC will be providing project management consultancy (PMC) services for the project, which involves significant urban development. The order is a part of the MDA's long-term plan to improve infrastructure in the region, and NBCC's expertise in handling large-scale redevelopment projects makes it a key contractor for this initiative.

Project Management Consultancy: A Growing Segment for NBCC

NBCC's role as a project management consultancy (PMC) for such high-profile orders further solidifies its standing in the industry. The company has been consistently securing major contracts in urban development, with several of them based on the PMC model. This model is becoming increasingly popular as it allows clients to outsource project management and supervision to experts, ensuring timely and efficient project execution.

construction industry.

NBCC Share Price Performance

As of 03:08 PM on the same day, NBCC shares were trading at ₹119.93 per share, a 2.43% increase. Over the past week, it has declined by 1.28%, over the past month, it has moved up by 3.79%, and over the past 3 months, it has moved up by 38.94%.

As of June 23, 2025, NBCC's market capitalisation stands at ₹32,157 crore. Over the past year, the stock has seen notable fluctuations, with its 52-week high recorded at ₹139.9 per share and its 52-week low at ₹70.82 per share. 

Read More: NBCC Bags Major ₹172.46 Crore UCO Bank HQ Contract in Kolkata !

Conclusion

NBCC India's recent order win from the Meerut Development Authority for ₹296.53 crore highlights its strong foothold in the construction and project management sectors. The positive market reaction, with a 3.5% increase in share price, demonstrates investor confidence in the company's ability to deliver on large-scale infrastructure projects. As NBCC continues to secure major contracts, it is poised for long-term growth, benefiting from India's expanding urban development projects.

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