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The stock price of the state owned construction firm NBCC India surged significantly on Friday as investors reacted with enthusiasm to the company securing another high value government contract. Buying interest was strong throughout the trading session which pushed the stock up by more than five percent to hit intraday highs on both the National Stock Exchange and the Bombay Stock Exchange. This upward momentum was primarily driven by the announcement that the Navratna company had been awarded a prestige work order from the Indian Institute of Management Sambalpur. The new contract is valued at approximately one hundred seventy nine crore rupees and involves providing project management consultancy services. The scope of the work includes the development of campus infrastructure for Phase II at IIM Sambalpur which sits within the state of Odisha. This fresh win reinforces the company position as a preferred partner for developing educational and institutional infrastructure across the country.
The rally on Friday was not an isolated event but rather a continuation of a positive trend fueled by a string of recent successes for the infrastructure major. Just days prior to the IIM Sambalpur deal the company had informed the stock exchanges about securing multiple orders totaling over three hundred forty five crore rupees. These included a substantial contract worth three hundred thirty three crore rupees from the Indian Institute of Technology Mandi in Himachal Pradesh and another project for the Kandla Special Economic Zone. The work at IIT Mandi involves the construction of academic blocks and hostel buildings which highlights the company growing footprint in the education sector. Market analysts have noted that the frequent order wins have improved revenue visibility and are likely contributing to the bullish sentiment surrounding the counter.
Investors are closely tracking NBCC as it continues to execute its aggressive expansion strategy through the end of the year twenty twenty five. The stock reached a high of around one hundred thirteen rupees during the session reflecting strong volume and high delivery percentages. The consistency in winning competitive bids from government bodies and autonomous institutes suggests a healthy order book that could sustain earnings growth in upcoming quarters. With the company playing a vital role in national infrastructure development particularly in the education and health sectors the market outlook remains optimistic. The successful closure of these deals demonstrates the operational efficiency of the enterprise and its ability to secure recurring business from marquee clients thereby solidifying its market capitalization and delivering value to its shareholders in the long run
