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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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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
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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.
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. |
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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