NBCC (India) Ltd on Wednesday, March 20, said the the ministry of external affairs (GEM division) has selected the company for a project in Saudi Arabia. It is an MEA project with a value of approximately ₹249 crore, the company said in a stock exchange filing.
"The MEA has awarded the subject work to NBCC at PMC fee of 4.41%, which is approximately ₹11 crore," the filing added.
NBCC (India) will be providing project management consultant services for the construction of a chancery-cum-residential complex at CGI, Jeddah, it said.
Last month, NBCC's wholly-owned subsidiary HSCC (India) Ltd bagged an order worth ₹459.7 crore from the Maharashtra government for a 600 bed general hospital, 250 bed cancer hospital, 250 bed super specialty hospital in Kolhapur.
The company also inked an MoU with IFCI Limited last month to plan and execute infrastructure projects worth ₹150 crore.The deal also included repair or renovation works for IFCI's properties across India.
Around the same time, the state-owned construction firm also said that it had successfully executed the e-auction of a 61,000 square feet commercial built up area in New Delhi for ₹273 crore. The company said that M/s Grid Controller of India, which is a public sector undertaking (PSU) under the Power Ministry, participated in thee-auction and secured the deal. This commercial space that has been sold by e-auction forms a part of the redevelopment project that was executed by NBCC for AIIMS Delhi, and the basic sale price of the project stands at ₹36,000 per sqft.
NBCC (India) shares were trading 0.14% higher at ₹109.5 apiece at 1.10 pm on March 20. The stock has fallen 23.25% in the past month, but has gained 84.81% in the last six months and 220.18% in the past year.
