Penny Stock Under Rs 100: This Navratna Enterprise Secures USD 75 Million Seychelles Housing Project
Join Us
Follow Us
NBCC (India) Ltd, a penny stock under Rs 100, secures a USD 75 Mn housing project in Seychelles, enhancing its international footprint.
✨ AI Powered Summary
The Government of the Republic of Seychelles has issued a Letter of Intent and has given its in-principle approval to engage NBCC (India) Ltd as the Project Management Consultant (PMC) for an ambitious housing initiative.
Under this engagement, NBCC will provide end-to-end services including planning, design, and procurement for 1,008 affordable housing units along with the development of associated infrastructure. The project scope also includes the establishment of a sewage treatment plant (STP) to support the housing development.
The total cost of the project is estimated at USD 75 million, to be funded by the Export-Import Bank of India under its Line of Credit (LoC) scheme. This marks a significant step in India’s ongoing collaboration with Seychelles in the area of infrastructure and sustainable urban development.
NBCC (India) Ltd is a Government of India Navratna enterprise under the Ministry of Housing and Urban Affairs. The company operates across three major segments: Project Management Consultancy (PMC), Engineering, Procurement & Construction (EPC), and Real Estate. With extensive experience in planning, designing, and executing infrastructure and housing projects, NBCC (India) Ltd has established itself as a trusted partner in both domestic and international projects.
NBCC (India) Ltd Share Price Performance
Today, the share price opened at Rs 79.50 and witnessed Intraday volatility, hitting a high of Rs 80.66 and a low of Rs 77.18, before settling at Rs 77.52, down from the previous close of Rs 80.53. This represents a significant single-day decline, reflecting cautious investor sentiment.
On a broader scale, the stock has registered a year-to-date (YTD) loss of 36.33 per cent, indicating persistent weakness over the current year. Over the past year, it has declined by 5.07 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.