On A Successful Order From SAIL-NBCC Shares Rose 6 Percent

On A Successful Order From SAIL-NBCC Shares Rose 6 Percent

On A Successful Order From SAIL-NBCC Shares Rose 6 Percent: According to the agreement, NBCC would serve as the Ministry of Steel’s (MoS), RINL’s, and NLMC’s technical cum transaction advisor and aid in the monetization of the non-core assets.

After the business signed a quadripartite MoU with the Ministry of Steel, RINL, and NLMC and received orders worth Rs 180 crore, In the first trade of September 14, NBCC (India) shares rose by 6% to Rs 59.60.

For the monetization of RINL’s non-core properties in Vishakhapatnam, the company has inked a quadripartite Memorandum of Understanding (MoU) with the Ministry of Steel (MoS), the Government of India, National Land Monetization Corp. Ltd. and Rashtriya Ispat Nigam Ltd.

According to the agreement, NBCC would serve as the Ministry of Steel’s (MoS), RINL’s, and NLMC’s technical cum transaction advisor and aid in the monetization of the non-core assets.

The company has received a Rs 180 crore order from SAIL for consulting and project management services for forthcoming infrastructure-related projects at the plant, township, mines, and collieries of Bokaro Steel Limited.

The Kerala State Housing Board awarded the company a Rs 2,000 crore order earlier this month for the development of a 17.9 acre land parcel near Kochi’s Marine Drive.

The Indian Medical Association also awarded the company an order in August for the planning, design, and construction of the IMA House in Indraprastha, New Delhi, totaling Rs 66.32 crore.

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