State-owned NBCC (India) Ltd has gained a Rs 354.88 crore venture administration consultancy (PMC) contract for vital infrastructure growth on the Gorewada Zoo in Nagpur, Maharashtra.
Awarded by FDCM Gorewada Zoo Ltd, the contract consists of PMC and supervision companies for the development of the African Zoo, Safari Plaza, Animal Hospital, Quarantine Facility, and different allied works. The venture falls beneath NBCC’s common operations and goals to bolster infrastructure at certainly one of Nagpur’s key zoological sights.
This contract follows intently on the heels of one other win—NBCC had secured a Rs 295.63 crore PMC order from the Meerut Growth Authority (MDA) on June 23 for redevelopment initiatives in Uttar Pradesh.
NBCC has been increasing its venture portfolio amid sturdy monetary efficiency. In This fall FY24, the corporate posted a 29.4% year-on-year leap in web revenue to Rs 176 crore. Income rose 16.2% to Rs 4,642.5 crore, whereas EBITDA grew 19.3% to Rs 290 crore. Working margin additionally improved barely to six.25% from 6.09% in the identical interval final 12 months.
Regardless of saying the order throughout market hours, at 3:30 pm, NBCC’s inventory ended the session within the purple, 2.69% decrease at Rs 119.90 on NSE, reflecting a muted investor response.
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