State-owned construction firm NBCC India Ltd announced on Friday (21 November) that it has received a work order worth approximately Rs 450.9 million from Canara Bank for constructing the official premises of its regional and circle office building in Ranchi, Jharkhand. The order has been awarded in the normal course of business and includes project management consultancy (PMC) services.

A day earlier, on 20 November, NBCC said it had secured a major PMC contract valued at around Rs 29.661 billion for the development of Naveen Nagpur under Phase 1 of the Nagpur Metropolitan Region Development Authority (NMRDA). The award, excluding GST, covers consultancy services for developing Naveen Nagpur, a major regional infrastructure project.

NBCC also reported the successful conclusion of an e-auction involving 609 residential units across two ongoing housing projects in Greater Noida, Uttar Pradesh. The auction generated sales worth roughly Rs 10.694 billion, marking one of the company’s largest digital auction outcomes in recent quarters as demand for ready and near-complete homes in the NCR region strengthens.

Shares of NBCC (India) Ltd closed at Rs 112.70 on the BSE on 21 November, down Rs 3.25 or 2.80 per cent.