Archive · 23 Jun 2025
NBCC Shares Increase After Winning New Contracts, Strong Quarter
NBCC, an Indian company, saw its stock price go up because they won a big contract.
They got an order worth almost 300 crore rupees to work on projects in Meerut.
They also got another contract from UCO Bank to build a new building in Kolkata.
This good news helped the company make more money in the last three months.
NBCC's profits went up, and their total income also increased compared to the same time last year.
NBCC shares rose 3% after securing a ₹296.53 crore order.
The order is from the Meerut Development Authority (MDA) for re-development projects.
NBCC also won a ₹172.5 crore contract from UCO Bank for a high-rise structure in Kolkata.
The company's Q4 net profit increased by 29% to ₹176 crore.
NBCC's revenue for the fourth quarter increased by 16.2%.
- Who
- NBCC (India) Ltd.
- What
- NBCC shares gained after securing new contracts and reporting increased profits.
- When
- Shares rose on Monday, June 20, after news of contracts and financial results.
- Where
- The contracts involve projects in Meerut, Uttar Pradesh, and Kolkata.
- Why
- The positive financial performance and new contracts led to the increase in share price.
- Share Price Increase
- 3%
- Order Value (Meerut)
- ₹296.53 crore
- Client (Meerut)
- Meerut Development Authority (MDA)
- Order Value (UCO Bank)
- ₹172.5 crore
- Q4 Net Profit
- ₹176 crore
- Revenue Increase
- 16.2%