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NBCC Secures Rs.95.66 Crore Renovation Contract for SSIFS Delhi

Synopsis:

NBCC (India) Ltd. received a Rs.95.66 crore renovation order from SSIFS under the Ministry of External Affairs. The Delhi-based project is part of NBCC’s ongoing government infrastructure operations. The NBCC share price closed at Rs.94.78 yesterday.


NBCC (India) Limited, a Government of India Navratna enterprise, has secured a work order worth Rs.95.66 crore (excluding GST) from the Sushma Swaraj Institute of Foreign Service (SSIFS). The project, situated in New Delhi, involves comprehensive renovation and infrastructure enhancement. SSIFS operates under the Ministry of External Affairs and plays a key role in training Indian Foreign Service officers and foreign diplomats.

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NBCC (INDIA) LIMITED

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96.371.18 (1.23 %)

Updated - 02 May 2025
96.92day high
DAY HIGH
95.00day low
DAY LOW
1755283
VOLUME (BSE)

Key Takeaways

  • Contract Value: Rs.95.66 crore (excluding GST)

  • Project Site: SSIFS, New Delhi

  • Client: Ministry of External Affairs

  • Project Type: Renovation and infrastructure upgrade

  • Nature of Work: Routine business under NBCC’s public sector portfolio

Also read: NMDC Hikes Lump Ore and Fines Prices by Rs.440 per Tonne from May 1

Strategic Significance Of The SSIFS Contract

This contract reinforces NBCC’s standing as a key executor of public sector infrastructure and redevelopment assignments. The renovation of SSIFS is expected to include structural upgrades, modern facilities, and energy-efficient refurbishments. The company has been active in executing similar projects across defence, housing, healthcare, and institutional sectors.

NBCC Renovation Deal Overview

Project Details

Information

Project Name

SSIFS Renovation

Location

New Delhi

Contract Value

Rs.95.66 crore (excluding GST)

Client

Ministry of External Affairs

Project Scope

Infrastructure and facility renovation

Executing Agency

NBCC (India) Ltd.

NBCC Share Price Movement And Market Snapshot

On the market front, NBCC share price showed mixed performance yesterday. It opened at Rs.97.40, peaked at Rs.98.23, and closed at Rs.94.78. The stock saw a low of Rs.94.51 during the session. Though recent sessions reflected volatility, the NBCC share price still trades comfortably above its 52-week low of Rs.70.80. However, it remains below its 52-week high of Rs.139.83, indicating scope for recovery depending on future order wins and execution pace.

In conclusion, this Rs.95.66 crore order adds to NBCC’s ongoing pipeline of public sector infrastructure work. The contract may strengthen investor outlook in the medium term, potentially influencing the NBCC share price depending on broader market cues.

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