NBCC gains on Rs. 338 crore constructions order from IIT Kanpur.

Shares of National Buildings Construction Corporation (NBCC) were trading higher by nearly 2% at Rs. 648 in early morning deals on National Stock Exchange (NSE) after the company said it has received constructions order worth of Rs. 338 crore from IIT Kanpur.

'IIT Kanpur has awarded to NBCC, project management consultancy work for major construction works such as engineering core lab, research complex (phase-I) and retrofitting of Aerospace Engineering block multistoried building for Rs. 337.97 crore,' NBCC said in a regulatory filing.

The stock opened at Rs. 640 and touched high of Rs. 650 on NSE. A combined around 93,000 shares changed hands on the counter in first 10 minutes of trade on NSE and BSE.


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