PSU NEWS
NBCC India bags order worth Rs 100 crore from REC Ltd
The contract is considered to be properly made in the regular course of business.
Infrastructure Building PSU, NBCC (India) Ltd has bagged a significant order from REC Ltd for building construction project worth Rs 100 crore.
The company informed through exchange filing, that NBCC (India) Limited has recently been awarded the contract of Project Management Consultant (PMC) for the new Construction & Renovation of the existing RECIPMT Building at RECIPMT, Shivarampally, Hyderabad from REC Limited worth Rs 100 crore.
The aforesaid works are in the normal course of business of the Company.
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Despite the huge procurement, the shares trail are downward of the PSU company, trading at Rs 165.72, lower by 0.10%.
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