NBCC wins new ₹108.85 crore work orders from National Horticulture Board, Odisha government
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NBCC (India) announced two new engineering orders totaling ₹108.85 crore (₹20.42 crore from the National Horticulture Board and ₹88.43 crore from Odisha's technical education directorate), adding to ₹878.32 crore won earlier this month. The awards improve near-term revenue visibility over the next 12–18 months and keep the stock in focus, but the development is company-specific with limited broader market spillover.
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NBCC (India) said it has secured two new work orders totaling ₹108.85 crore, including ₹20.42 crore from the National Horticulture Board and ₹88.43 crore from the Odisha government around July 27. Earlier this month, the company had also received work orders worth Rs 878.32 crore, taking its new orders for the month to over Rs 98 billion. NBCC shares last closed at Rs 93.85, and the stock is 25.52 percent below its 52week high, with a market capitalisation of Rs 25,339.50 crore. The new orders are expected to improve revenue visibility over the next 12–18 months.
