NBCC (India) Limited announced on Wednesday, January 14, that it has secured a work order worth approximately ₹55.02 crores from Indian Overseas Bank (IOB), marking another significant addition to the company's project portfolio. The contract involves comprehensive construction services for IOB's new regional office facility in Raipur.

Project Overview

The awarded contract encompasses the complete development cycle of the IOB regional office project. The scope of work includes planning, designing, execution, and successful handover of the construction project.

Contract Specifications

The project falls under NBCC's project management consultancy services, representing the company's core business operations. As a domestic contract awarded by a domestic entity, it aligns with the company's focus on serving Indian financial institutions and government enterprises. The company has not disclosed the timeline for completion of the project.

HSCC Strategic Healthcare Collaboration

Separately, on Monday, January 12, NBCC's wholly-owned subsidiary, HSCC (India) Ltd, signed a memorandum of understanding (MoU) with Bharat Electronics Ltd (BEL) to establish a strategic collaboration in the healthcare manufacturing and services ecosystem.

Under the MoU, the two entities will work together across multiple healthcare domains including joint procurement and advisory services related to healthcare projects. The agreement provides a broad framework for cooperation, with project-specific arrangements to be finalised separately as required.

Market Performance

Shares of NBCC (India) Ltd ended marginally lower on Wednesday, January 14, declining by 0.09% to close at ₹105.22. Despite the minor decline, the company continues to secure significant contracts in the construction and infrastructure development sector.

Regulatory Compliance

NBCC has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing stock exchanges about this contract award. The MoU has been signed in the normal course of business of the subsidiary company.

State-owned NBCC (India) Ltd announced on Monday (January 12) that its wholly owned subsidiary HSCC (India) Ltd has entered into a memorandum of understanding with Bharat Electronics Ltd (BEL) to establish a strategic collaboration in the healthcare manufacturing and service ecosystem.

Strategic Healthcare Partnership

The MoU establishes a comprehensive framework for cooperation between HSCC and BEL across multiple healthcare domains. The collaboration encompasses several key areas designed to strengthen both companies' presence in the healthcare sector.

The agreement provides a framework for cooperation, with project-specific agreements to be executed separately as and when required. According to the disclosure, the MoU has been signed in the normal course of business of the subsidiary company.

Recent Work Order Wins

Last week, NBCC (India) announced it has received work orders worth approximately ₹134.05 crore. The orders, received in the ordinary course of business, demonstrate the company's continued growth in project management consultancy services.

Both contracts have been awarded by domestic entities and involve project management consultancy services. The work orders are part of NBCC's regular business operations and will be executed in accordance with the terms specified by the respective clients.

Market Performance

Shares of NBCC (India) Ltd ended at ₹107.80, down by ₹1.40, or 1.28%, on the BSE during the trading session.