State-run NBCC (India) Ltd has bagged a series of domestic orders with a combined value of approximately ₹319.78 crore, spanning housing, infrastructure, and institutional development projects across Assam, Meghalaya, and Bihar.
The largest order, valued at around ₹227.99 crore, has been awarded by Oil India Ltd. The contract involves the construction of an executive housing complex (DX Area) at Duliajan in Assam on a turnkey basis. NBCC will act as the project management consultant for the development, stated the exchange filing.
In a separate mandate, the Ministry of Home Affairs has awarded NBCC a contract worth approximately ₹83.76 crore for the construction of two major bridges in Meghalaya along the India-Bangladesh border. The project includes a 423-metre bridge over the River Hari and a 206-metre bridge over the River Luva.
Additionally, NBCC has secured a smaller order valued at ₹8.03 crore from the Collectorate in Patna for developing dedicated spaces for a start-up incubation centre and a centre for public policy at the Chandragupt Institute of Management.
All three contracts are domestic in nature and fall under project management consultancy services. The company clarified that none of the contracts involve related party transactions.
Shares of NBCC (India) Ltd ended lower on Thursday, March 19, by 5.99% at ₹83.14 on the NSE.
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