NBCC (India) gains on entering into MoU with ICAI
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NBCC (India) is currently trading at Rs. 67.24, up by 0.24 points or 0.36% from its previous closing of Rs. 67.00 on the BSE.
The scrip opened at Rs. 67.50 and has touched a high and low of Rs. 68.77 and Rs. 67.00 respectively. So far 362730 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 74.30 on 20-Oct-2023 and a 52 week low of Rs. 30.96 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 70.39 and Rs. 66.13 respectively. The current market cap of the company is Rs. 12103.20 crore.
The promoters holding in the company stood at 61.75%, while Institutions and Non-Institutions held 14.35% and 23.90% respectively.
NBCC (India) has entered into the Memorandum of Understanding (MoU) with Institute of the Chartered Accountant of India (ICAI) whereas the ICAI has agreed to award the work relating to ‘Planning, Designing and Execution of ICAI’s Buildings & Renovation Works at various location in India’ as deposit work on turnkey basis on the terms and Condition set forth and whereas NBCC has agreed to undertake and complete the works accordingly at a PMC fee 6.5%(excluding GST) on actual project cost.
NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.
