The project received from Oil India involves execution of new works relating to construction of two multi-stories residential building G+6 office building and recreation center with auditorium facility at oil pipeline headquarters (PHQ) at Guwahati, Assam for Rs 180 crore.
Additionally, the company also received an order for rehabilitation of Platinum Jubilee Hostel at Indian Standards Institute (ISI), Delhi centre New Delhi worth Rs 2.50 crore.
Meanwhile, the board of directors recommended the issue of bonus equity shares in the ratio of 1:2 to the eligible shareholders of the company as on the record date, which is 7 October 2024.
NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction.
The company’s consolidated net profit jumped 39.2% to Rs 104.62 crore in Q1 FY25 as compared with Rs 75.14 crore in Q1 FY24. Net sales increased 10.7% YoY to Rs 2118.68 crore in Q1 FY25.
Shares of NBCC (India) rose 0.56% to currently trade at Rs 187.40 on the BSE.