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NBCC gains on inking agreements with Government of Republic of Mauritius

24 Apr 2019 Evaluate

NBCC (India) is currently trading at Rs. 59.20, up by 0.15 points or 0.25% from its previous closing of Rs. 59.05 on the BSE.

The scrip opened at Rs. 59.75 and has touched a high and low of Rs. 60.00 and Rs. 59.10 respectively. So far 89614 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 109.25 on 25-Apr-2018 and a 52 week low of Rs. 46.55 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 63.05 and Rs. 58.85 respectively. The current market cap of the company is Rs. 10629.00 crore.

The promoters holding in the company stood at 68.18%, while Institutions and Non-Institutions held 17.30% and 14.52% respectively.

NBCC (India) has signed agreements with Government of Republic of Mauritius for Project Management Consultancy for Construction of Mauritius Police Academy (MPA), Forensic Science Laboratory (FSL) and National Library & National Achieves (NA&NL) at Mauritius.

The company secured order of Lot -1 MPA, Lot-2 FSL, Lot-3 NA&NL through competitive bids invited by Government of Mauritius. Exim Bank of India is funding these Projects under GoI Line of Credit. The approximate cost of the Projects is $44 million with PMC fees of $18,07,256 for all the three lots.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.

Peers
Company Name CMP
NBCC (India) 80.60
Rites 206.55
Mold-Tek Tech 199.05
Dhruv ConsultancySer 21.29
Telge Projects 216.00
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