Published on 14/03/2017 11:46:15 AM | Source: Dion Global Solutions Ltd.

NBCC surges on order win of Rs 250 cr in Mauritius

Posted in | #Real Estate Sector #Stock On The Move #NBCC (India) Ltd.


Shares of NBCC (India) soared over 3 per cent on the Bombay Stock Exchange after the state-owned company said it has secured a contract worth about Rs 250 crore in Mauritius. “The company has signed an agreement with the State of Mauritius (Government of Mauritius) and Landscope (Mauritius) for construction of new Supreme Court building on PMC basis in Mauritius,” NBCC said in stock exchange filing on March 10, 2017.

Boosted by the development, shares of company gained as much as 3.40 per cent at Rs 176.20 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company rose 3.22 per cent to Rs 176.40 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,445.71, up 495.59 points, or 1.71 per cent at 11:27 hours.