NBCC spurts up over 4%

National Building Construction Corporation (NBCC) is in the limelight today morning, currently up over 4% at Rs.661.55, its intra day high.

The stock zoomed up today reacting to its news announced yesterday that it has secured orders to the tune of Rs.338 crore from IIT Kanpur. This order is for 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.

This is in line with IIT Kanpur’s plan for going ahead full scale with its Aerospace Engineering division. Recently, it had signed an agreement with Hindustan Aeronautics Ltd (HAL) to promote R&D and academic work in new and emerging technologies in aerospace industry.