116% return in 1 year: This PSU bags Rs 500 crore order - Do you own it?

PSU Stock: State-owned NBCC (India) Limited, formerly known as National Buildings Construction Corporation, has bagged a Rs 500 crore contract from the Bureau of Indian Standards (BIS).

The PSU has informed exchanges that the order relates to the construction of buildings at BIS headquarters in the national capital, Central Laboratory, Sahibabad; National Institute of Training for Standardization, Noida; Northern Regional Laboratory, Mohali and Bangalore Branch Laboratory, Bengaluru.

NBCC is into project management consultancy and real estate business.

Earlier on Monday, the company informed exchanges that its arm Hindustan Steelworks Construction Ltd (HSCL) has bagged a Rs 65 crore contract in Bengaluru from Bank of Baroda.

In a regulatory filing, NBCC informed that HSCL has secured "development works at the bank's commercial plot in Financial City, Bengaluru Hardware Park, Bengaluru on deposit work basis."

The value of the work order is Rs 65 crore. NBCC is into project management consultancy and real estate business.

Meanwhile, NBCC has signed an MoU with Power Grid Corporation of India Ltd to renovate the latter's corporate building in Gurugram at a cost of Rs 186.47 crore.

In a statement on Monday, NBCC said it has signed an MoU (memorandum of understanding) with Power Grid Corporation of India Limited for the renovation of Power Grid's corporate building in Gurugram.

NBCC Share Price

Meanwhile, the counter ended today's session in red at Rs 96.86 on the BSE - a fall of 0.84 per cent from the previous close of Rs 97.68. The counter had started the session in red at Rs 96.69.

NBCC Share Price History

This is one of the multibagger PSU stocks and has given a return of 116.74 per cent to investors in one year and a 328.29 per cent interest rate in two years. The counter has already gained 77.56 per cent so far this year.

With PTI inputs