PSU CONSTRUCTION COMPANY IN THE NEWS AFTER SECURING MULTIPLE ORDERS
PSU infrastructure company
NBCC
currently operates in three major segments including Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The company plays a key role in urban infrastructure development, redevelopment projects, and public-sector construction across India.
NBCC
is recently in the news after securing multiple order from
SAIL
&
NLCINDIA
. These new orders will further strengthen the company's order inflows and reinforce it's role as a project management consultancy for large public-sector infrastructure projects.
The company has delivered good profit growth of 51% CAGR over last 5 years, and has been maintaining a healthy dividend payout of 32.7%, making it a good opportunity for long term investing.