NBCC Takes on ₹213 Crore Project at Motilal Nehru College

NBCC (India) Ltd, a Navratna public sector enterprise, has announced securing a ₹213 crore work order from Motilal Nehru College, New Delhi. The project involves a phased approach to infrastructure development, including the construction of a new auditorium, expansion of academic buildings, and hostel facilities to upgrade the college’s educational and extracurricular infrastructure.

Project Details & Phased Execution

The work order, awarded in the normal course of NBCC’s business, talks about the company’s experience in infrastructure development. The Memorandum of Understanding (MoU) between NBCC and Motilal Nehru College outlines a multi-phase execution plan, with the first phase slated to commence shortly. The project is expected to strengthen the college’s capacity to provide better facilities for its students and faculty over the coming years.

NBCC’s Business Operations

NBCC (India) Ltd operates across three segments: Project Management Consultancy (PMC), which covers civil construction projects, infrastructure for national security, and developmental initiatives; Real Estate Development, focusing on housing and commercial spaces; and Engineering Procurement and Construction (EPC), handling turnkey infrastructure projects. As of September 2024, NBCC’s shareholding pattern stood at 61.75% for promoters, 4.11% for FIIs, 9.1% for DIIs, and 25.03% for retail and other investors.

Financials & Share Price Performance

In Q2 FY25, NBCC reported a 53.43% increase in consolidated net profit to ₹122.12 crore, with revenue rising 19.44% to ₹2,458.73 crore compared to Q2 FY24. Today, on December 4, 2024, at 9:50 AM, the stock was trading at ₹100.69. The company’s market capitalisation stood at ₹27,080 crore. Over the past year, NBCC shares have delivered a 91.7% return and an 83.85% return year-to-date.

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