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NBCC Rallies 5% On Bagging Order To Construct Office Building In Noida

Shares of National Buildings Construction Corporation (NBCC) rose as a lot as 4.84 per cent to hit an intraday excessive of Rs 43.30 after the corporate publish market hours on Monday knowledgeable exchanges that it received an order to assemble workplace constructing in Noida.

“NBCC (India) Limited has been awarded the work order for engagement as project management consultant (PMC) for construction of FCIL office building at Noida, Sector -1 on April 9, 2021,” the corporate stated in a inventory alternate submitting.

“NBCC is the project management consultant for this project value of Rs 65.10 crore at PMC fee of seven 7 per cent,” NBCC added.

NBCC shares have to this point this yr rallied 49 per cent massively outperforming the Sensex which has superior 0.71 per cent.

As of 11:07 am, NBCC shares traded 2.78 per cent greater at Rs 42.25.

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