NBCC Subsidiary HSCL Secures Educational Infrastructure Orders Worth ₹158.95 Crore in Odisha

Hindustan Steelworks Construction Limited (HSCL), a subsidiary of state-owned construction major NBCC (India) Limited, has secured four distinct infrastructure development contracts in Odisha. The combined cumulative value of these new orders is estimated at approximately ₹158.95 crores (excluding Goods and Services Tax).

Project Breakdown and Clientele

All four incoming orders have been secured within the ordinary course of the company's business operations. The allocations are being executed under a Project Management Consultancy (PMC) on a deposit work basis framework and are split across two primary domestic institutional clients:

1. District Mineral Foundation (DMF), Keonjhar

The District Mineral Foundation has awarded two primary institutional projects inside the Keonjhar district of Odisha to expand localized educational infrastructure:

Mega Education Complex: The largest individual contract in this announcement, carrying an estimated project consideration of ₹70.59 crores (excluding GST).

DD University Works: A secondary contract focused on higher education additions within the same Mega Education Complex framework, valued at ₹17.24 crores (excluding GST).

2. Kendriya Vidyalaya Sangathan (KVS)

The central school organization has commissioned HSCL to oversee the engineering and development of entirely new administrative and academic spaces across two separate administrative districts in Odisha:

Angul District Campus: Construction management of a brand-new campus layout for Kendriya Vidyalaya, valued at ₹35.56 crores (excluding GST).

Sambalpur District Campus: An identical infrastructural development mandate for a separate Kendriya Vidyalaya facility within Sambalpur, carrying an equivalent valuation of ₹35.56 crores (excluding GST).

Shares of NBCC (India) Limited was last trading in BSE at Rs. 99.95 as compared to the previous close of Rs. 97.70. The total number of shares traded during the day was 549814 in over 2956 trades.

The stock hit an intraday high of Rs. 100.50 and intraday low of 98.20. The net turnover during the day was Rs. 54591680.00.

Source : Equity Bulls

Keywords

NBCCIndia INE095N01031 HindustanSteelworksConstruction OrdersWin