By Admin 
NBCC PSU Stock News: In the last trading session of the week in the Indian stock market on Friday, January 16, an update related to the government company NBCC (India) may attract the attention of investors. The company has got new work worth Rs 55 crore from Indian Overseas Bank. Due to which there may be movement in this stock in the coming session. Let us know about this new order and the company in the stock market….
NBCC gets new project
NBCC (India) Limited has received new work worth about Rs 55.02 crore from Indian Overseas Bank (IOB). The company gave this information on Wednesday, January 14. This project is related to the construction of the new regional office of IOB in Raipur.
NBCC is going to play the role of project management in this work. The company is going to do the work from planning to design of the regional office, monitoring the construction and handing over the building after completion of the work. At present no information has been given regarding the deadline of the project.
Important agreement signed with Bharat Electronics Limited
Another big information related to NBCC has come to light. On Monday, January 12, the company’s wholly owned subsidiary HSCC (India) Limited has signed an MoU with Bharat Electronics Limited (BEL).
Under this agreement, both the companies are going to work together in the field of healthcare manufacturing and related services. The purpose of which is to strengthen the strategic partnership for the long term.
Status of company shares on BSE
There was a slight decline in the company’s shares on the BSE on the trading day of Wednesday, January 14. At the end of the day, the shares slipped 0.09 percent or Rs 0.10 and closed at Rs 105.20. The shares had an intraday high of Rs 106.60.
Talking about the 52-week high level of company shares, during this period the shares had touched the figure of Rs 130.60. At the same time, the 52 week low level was Rs 70.82. The market cap of the company is more than Rs 28 thousand crores.
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Also read: Alert for bankers, banking services will remain closed in this state tomorrow on January 16.