Public sector National Buildings Construction Company (NBCC) Ltd said its wholly-owned subsidiary HSCC (India) Ltd has received an order.
HSCC India has received an order worth Rs 1,260 crore from the Ministry of Health and Family Welfare, Government of India for setting up All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar.
The further scope of the order and execution timeline have not been specified by the company.
Earlier this month, NBCC had signed a Memorandum of Understanding with cash-strapped MTNL Ltd to develop MTNL’s positive land block of around 13.88 acres in New Delhi. The project is said to be worth ₹1,600 crore.
NBCC has approved the issue of bonus shares in the ratio of 1:2, which means shareholders will get one free share for every two shares held by them as on the record date.
The record date for NBCC bonus issue has been fixed as October 7, 2024.
This is the first such proposal the company is considering since 2017, in which the company had also declare a 1:2 bonus issue.
NBCC shares are currently trading 1.9% higher at ₹ 177.4. The stock price has more than doubled so far this year, rising by 116%.
