NBCC bags a 250cr project; stock up by 4 %
DSIJ Intelligence / 14 Mar 2017
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State owned infrastructure-general sector giant NBCC saw a surge in its stock value as it bagged a contract worth Rs 250 crore from the Mauritius government and landscope (Mauritius) a Mauritius government enterprise on PMC basis.
State owned infrastructure-general sector giant, NBCC, saw a surge in its stock value as it bagged a contract worth Rs 250 crore from the Mauritius government on PMC basis.
The agreement signed between NBCC and the Mauritius government and Landscope (Mauritius) is for the construction of a new Supreme Court building in Mauritius within a time span of 24 months.
At present, the stock price of NBCC is valued at Rs 175.20, which has increased by 2.82 per cent on BSE. In the last 5 days the stocks have been trading between Rs 173.55 and Rs 178.20.
While, post the announcement of signing the agreement, the company's stock prices have surged by 4 per cent.
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