NBCC INDIA SECURES TWO NEW WORKS ORDERS WORTH Rs 345 CRORE

has received two work orders with aggregate value of approximately Rs 345 Crore, one from Indian Institute of Technology Mandi for Rs 332.99 Crore towards project management consultancy assignment, and the other from Kandla SEZ for Rs 12.05 Crore towards day-to-day annual maintenance work. For IIT Mandi campus, the scope of work includes planning, design and development for the construction of academic blocks, 2 BHK and 3 BHK housing, a student activity centre including a sports complex, and other similar works. The company has received both these orders from domestic entities and are received as part of normal course of business. The company's share price has been consolidating in the range of Rs 100-120 per share, and any breakout above Rs 120 could suggest a bullish momentum in the stock.