The company has been awarded a ₹20.15 crore contract for the construction of the Indian Overseas Bank’s office building at Amaravati, Andhra Pradesh. The order was issued by the Indian Overseas Bank and falls under project management consultancy.
NBCC also received a ₹31.99 crore contract from the Ministry of Health & Family Welfare for operation and maintenance services of the New Sports Injury Centre (SIC) building for a period of two years.
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Both orders are domestic in nature and have been awarded in the regular course of business. NBCC stated that further details are provided in Annexure I and II of the filing.
The total value of the two contracts stands at approximately ₹52.14 crore (excluding GST). The company said neither the promoter nor the promoter group nor the group companies have any interest in the awarding entities, and the contracts do not fall under related party transactions.
Shares of NBCC (India) Ltd ended at ₹93.94, down by ₹1.53, or 1.60%, on the BSE
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(Edited by : Jomy Jos Pullokaran)
