"NBCC (India) Bags ₹76 Crore Order, Stock Surges"

In a recent development, NBCC (India) has reported a significant milestone as its wholly-owned subsidiary, HSCC (India), secures a substantial work order valued at ₹76.62 crore from the Central Council for Research in Yoga & Naturopathy (CCRYN). The announcement, made through a regulatory filing to the stock exchange, has prompted a positive surge in the company's stock.

The work order encompasses the project management consultancy responsibilities, inclusive of obtaining statutory approvals and providing supervisory consultancy services for the establishment of the Central Research Institute of Yoga & Naturopathy (CRIYAN) by CCRYN. The institute, complete with a 100-bed hospital, is slated to be set up in Dibrugarh, Assam.

This strategic move not only reflects the continued growth and diversification of NBCC (India) but also underscores the expertise and capabilities of its subsidiary, HSCC (India) Ltd. The entrusted responsibilities for the project include overseeing the comprehensive project management aspects and navigating the necessary regulatory approvals, further emphasizing the trust placed in HSCC (India) for the successful realization of the ambitious CRIYAN initiative.

As the news broke, the stock market responded positively to NBCC (India)'s latest achievement, with the company's stock witnessing a notable rise. This order not only signifies a substantial financial milestone for NBCC (India) and its subsidiary but also reinforces their commitment to contributing to crucial sectors such as healthcare and research infrastructure in the country.

HBL