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In a stock exchange filing, the company said the National Company Law Appellate Tribunal (NCLAT), in its order on Thursday, appointed NBCC as the project management consultant for the completion of 16 projects of Supertech Ltd., spread across the above-mentioned four states.
The projects will include 49,748 houses in these four states. The construction cost of the project is around ₹9,445 crore, including 3% contingency. The Project Management Consultancy (PMC) fees are fixed at 8%, including a 1% marketing fee, the stock exchange filing stated.
Earlier this week, NBCC received an order worth ₹432 crore from the Central University of Odisha. The work includes providing comprehensive project management consultancy services for the construction of a net zero sustainable campus at the Central University at Odisha Sunabeda.
Last week, the company’s wholly-owned subsidiary HSCC (India) Ltd. won orders worth to ₹600 crore. HSCC India won two orders from Maharashtra’s National Health Mission.
It also bagged a construction order worth ₹213 crore from the Motilal Nehru Nehru College, New Delhi.
Prior to that, the company said it would be developing a 10-acre industrial plot in Noida at a tentative project cost of approximately ₹600 crore, in partnership with Housing and Urban Development Corporation (HUDCO).
The company’s net profit for the September quarter rose by 52.8% from the same quarter last year to ₹125.1 crore from ₹81.9 crore. Revenue for the period stood at ₹2,458.7 crore.
NBCC’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹100 crore, which was 4.6% higher than the same quarter last year.
EBITDA margin, however, narrowed on a year-on-year basis by 50 basis points to 4.1% from 4.6% during the same period last year.
NBCC shares were trading 0.25% higher at ₹103.59 apiece at 11 am on Tuesday, December 10. The stock has gained 89.83% this year, so far.
NBCC shares were trading 1.64% lower at ₹100.38 apiece at 2.30 pm on Thursday, December 12. The stock has gained 83.73% this year, so far.
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First Published: Dec 12, 2024 2:33 PM IST
