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NBCC Gains on Order from IIT Mandi

Shares of NBCC surged as much as 1.97 per cent in nan otherwise weak market to touch a high of Rs 1,027 after the company announced it has received an order from IIT Mandi worth Rs 294.78 crores.
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NBCC Gains on Order from IIT Mandi

Shares of NBCC surged as much as 1.97 per cent in an otherwise weak market to touch a high of Rs 1,027 after the company announced it has received an order from IIT Mandi worth Rs 294.78 crores.

NBCC has bagged the order to build the academic building, guest house, gymnasium, hospital and auditorium in the IIT Mandi campus.

National Building Construction Corporation, the public sector Navratna company, announced in a separate filing on the Bombay Stock Exchange that it has received orders worth Rs 8,523 Crore in the month of December.

Shares of NBCC, however, pared the gains and ended the day 1.29 per cent lower at Rs 994.10 on BSE, whose benchmark index, Sensex finished down 2.18 per cent.



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