NBCC shares open with slight gain after project win - Check details

NBCC Share Price NSE, BSE: Shares of public sector undertaking (PSU) NBCC opened with a slight gain on Tuesday. The counter opened at Rs 177.35 against the previous close of Rs 176.75 on the BSE. The stock gained further to touch the high of Rs 177.50 but later fell to Rs 175.25 amid profit booking. Last seen, the counter was trading at Rs 175.35.

Earlier, state-owned NBCC's arm HSCC has bagged a Rs 1,261 crore contract to establish AIIMS hospital in Darbhanga, Bihar.

In a regulatory filing, NBCC informed that HSCC (India) Ltd, its wholly-owned subsidiary, has recently been awarded establishment work of AIIMS, Darbhanga from the union health ministry.

The value of the contract is Rs 1,261 crore, it added.

NBCC is mainly involved in project management consultancy (PMC) and real estate business.

In a statement later, NBCC said that HSCC India has been officially appointed by the Ministry of Health as the "executing agency for the construction of AIIMS Darbhanga." This landmark project is set to become one of the largest healthcare initiatives underway in the country.

"AIIMS Darbhanga aims to provide high-quality medical education and tertiary care services to a vast population at minimal cost," it said.

The facility will feature a state-of-the-art healthcare institute, comprising a fully equipped tertiary care hospital, a medical college, an AYUSH hospital, and accommodation for students and staff, along with various other essential facilities.

The project spans about 188 acre of land and will include over 2.25 lakh square meter of construction area.

With an anticipated completion timeline of 36 months, AIIMS Darbhanga is poised to significantly enhance healthcare accessibility and educational opportunities in the region.

With PTI inputs