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For NBCC, new order inflows boost investor sentiment
Mint Mumbai
|December 18, 2024
NBCC (India) Ltd, a Navratna public sector undertaking, is hogging limelight on a slew of new work orders.
In the past one month, the construction firm's stock has gained 13%. Last week, the National Company Law Appellate Tribunal appointed NBCC as the project management consultant (PMC) for Supertech Ltd's 16 real estate projects valued at ₹9,445 crore. NBCC is already completing stalled projects of the Amrapali Group.
The development of stranded projects of bankrupt developers has opened a new revenue stream for NBCC. The Amrapali project is valued ₹8,400 crore, of which about 90% of the work is finished, and a complete handover is expected by March.
Dit verhaal komt uit de December 18, 2024-editie van Mint Mumbai.
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