Stock under ₹60 jumps 4% after securing ₹12 Cr contract from NBCC India

This infra stock, which specializes in civil and structural construction, including multi-story buildings, bridges, and electrical works for diverse clients, jumps 3.63 percent after securing a contract worth Rs. 12.20 crore from NBCC India Limited for constructing staff quarters in Dehradun, Uttarakhand.

Stock Price Movement

With a market capitalization of Rs. 63.15 crores, the share of Nacdac Infrastructure Limited has reached an intraday high of Rs. 60 per equity share, rising nearly around 3.63 percent from its previous day’s close price of Rs. 57.90.

What Happened

NACDAC Infrastructure Limited, a well-known construction company specializing in multi-story buildings and infrastructure projects, has won a prestigious contract from NBCC India Limited, a Government of India enterprise. 

The contract is for building Type-II staff quarters for judicial staff in Mohkampur, Dehradun, with a total value of Rs. 12.20 crore. This achievement strengthens NACDAC’s position in the industry and reflects its commitment to quality, excellence, and contributing to India’s infrastructure growth.

Also read….

Previous Orders

On January 21, 2025, the company secured multiple prestigious contracts across India. It won the Barmalt Project in Gurugram from Birla Estates Private Limited, HRT/TRT work in Uttarakhand from CP Systems Pvt. Ltd., and an office renovation contract in Rohini, Delhi, from Gurukul Taxila Pvt. Ltd. 

Additionally, NACDAC will provide technical and engineering support at Minda Instruments Limited’s plant in Pune, Maharashtra. These projects reinforce NACDAC’s expertise in construction and engineering, expand its presence, and show its commitment to quality and growth.

Market Presence

The company has completed 45 projects, earning a strong industry reputation. With Class A contractor registration and ISO certification, it ensures high standards. The company aims to be among India’s top three infrastructure firms in five years, focusing on quality and strategic growth.

Financial highlights

NACDAC Infrastructure Limited’s revenue has increased from Rs. 11.72 crore in FY23 to Rs. 36.19 crore in FY24, which has grown by 208.79 percent. The net profit has also grown by 466.07 percent from Rs. 0.56 crore in FY23 to Rs. 3.17 crore in FY24.

Written By – Nikhil Naik

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Stock under ₹60 jumps 4% after securing ₹12 Cr contract from NBCC India appeared first on Trade Brains.