NBCC India shares increase by 2% following a Rs 1,261 crore order win

Key Points:

• NBCC India has secured a Rs 1,261 crore contract from the Ministry of Health and Family Welfare, Government of India, for the construction of AIIMS in Darbhanga, Bihar.

• NBCC made the announcement on Monday afternoon, stating that the project involves the construction of an All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar.

• This project is expected to play a key role in enhancing healthcare infrastructure in Bihar, one of the most populous states in India.

• The company’s board has also approved a bonus share issue, offering one additional share for every two equity shares held, with October 7 set as the record date.

• NBCC continues to have a strong order pipeline, with recent projects awarded by HSCC (India) and the Srinagar Development Authority.