PMC CONTRACT
NBCC India shares rise over 2% after new Rs 45 crore PMC contract
NBCC (India) shares rose on Tuesday after the company secured a Rs 44.62 crore PMC contract for infrastructure development at MGIRI, Wardha. Announced on Monday, the contract includes overseeing the construction of a hostel and VIP guest house under the EPC mode, aligning with NBCC’s expansion in the project management segment.
Guillain-Barre Syndrome: Mumbai reports first death, total 8 deaths in Maharashtra
A 53-year-old patient died from Guillain-Barre Syndrome in Mumbai's Nair Hospital, raising Maharashtra's death toll to eight. With 192 suspected and 172 confirmed cases, Pune and surrounding areas are heavily affected. Efforts to control the outbreak include sealing 30 private water plants in Pune for water contamination issues. The Union Health Minister reviewed control measures with local officials.
Second person dies in Maharashtra due to Guillain-Barré Syndrome; 16 new cases reported in the state
A second suspected Guillain-Barré Syndrome (GBS) death has been reported in Maharashtra, with over 127 cases identified. Health officials suggest contaminated water as a potential cause, with a significant number of patients on ventilators. The state health department and Pune Municipal Corporation are conducting extensive surveys and receiving support from central government experts to manage the situation.
Railways stocks: Time to take a contrarian stand? Probably yes, with caution & hedge. 6 stocks: 1 buy, 1 hold, and 4 with sell recos
Last week, when the street was awash in red, one set of stocks saw a sudden spike: Railway stocks. One sector outperforming a strong bearish market is uncommon. But when it is a sector like railways, which did very well between January and July 2024 and has since been underperforming, it begs a few questions. One: Has the underperformance shaved off weak hands from the counters? Two: Does the street believe that valuations have corrected enough for it to give these stocks another look? Finally: As the growth of these companies is driven by government spending, will they get a boost after the budget?
Railways stocks: Time to take a contrarian stand? 6 stocks, 1 buy reco, 1 hold reco, and 4 with sell reco
Three sectors witnessed a strong re-rating just before the general election in early 2024. They were: Defence, power, and railways. Practically all companies in the whole chain of these three sectors witnessed a sharp re-rating and stock prices moved up sharply. However, in the past few months, stocks from these sectors, especially railways, have been sort of underperforming. The slide began even before the current corrective wave started in October. The question is: Should you move out of these stocks? Or stay put at a time even the analyst community is not very bullish on these stocks?
NBCC gets Rs 300-cr work order in Varanasi, Rs 44 cr contract at AIIMS Gorakhpur
State-owned NBCC has secured contracts worth Rs 368.75 crore for various projects. The major projects include a Rs 300-crore contract for developing a commercial complex in Varanasi, a Rs 24.38-crore contract for constructing a school at IIT Roorkee, and a Rs 44.37-crore contract for building a multi-storey facility at AIIMS Gorakhpur.
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NBCC gets Rs 490-cr work orders in Chhattisgarh, Rajasthan
NBCC (India) Ltd has secured contracts totaling nearly Rs 490 crore for construction projects in Chhattisgarh and Rajasthan. The company will build Eklavya Model residential schools in Chhattisgarh for Rs 459.6 crore and a permanent building for a Composite Regional Centre in Jaipur for Rs 30 crore.
RITES shares in focus after securing Rs 454 crore turnkey contract in Karnataka
RITES Share Price: Shares of RITES are in the spotlight on Wednesday following the company's announcement that its previously awarded project management consultancy (PMC) contract from the Karnataka Mining Environment Restoration Corporation (KMERC) has been converted into a turnkey contract.
NBCC arm bags Rs 1,261 cr contract to build AIIMS hospital in Darbhanga
NBCC's subsidiary, HSCC, has secured a Rs 1,261 crore contract to establish an AIIMS hospital in Darbhanga, Bihar, as announced in a regulatory filing. The contract was awarded by the union health ministry, highlighting NBCC's focus on project management consultancy and real estate.
NBCC bags Rs 89-cr order from DMRC
NBCC secures an Rs 89 crore contract from DMRC for constructing staff quarters in Bhubaneswar's metro project. Operating as the Project Management Consultant, NBCC collaborates with DMRC following an earlier MoU to work on infrastructure development. As a Navratna Enterprise under the Ministry of Housing and Urban Affairs, NBCC operates in project management consultancy and real estate sectors, listed on NSE and BSE since 2012.
Adani contractor probed by India resurfaces under a new name
The contracting firm — Howe Engineering Projects (India) Pvt Ltd. — contains the core operations of a business called PMC Projects Pvt Ltd. that India’s government alleged in 2014 was being used by billionaire Gautam Adani’s empire to siphon money overseas. Adani denied all wrongdoing and the probe’s findings were dismissed in 2017 by an adjudicating body.
SC dismisses DRI's petition against three Adani group subsidiaries
Between November 2022 and January 2023, the federal agency had moved the apex court against the relief granted to three firms namely : Adani Power Maharashtra Ltd (APML), Adani Power Rajasthan Ltd (APRL) and Maharashtra Eastern Grid Power Transmission Company Limited (MEGPTCL) by CESTAT.
Adani arm gets clean chit from CESTAT in over-invoicing case
Sources told ET that the department has sent a proposal to the Central Board of Indirect Taxes and Customs (CBIC) for filing an appeal before the Supreme Court against the Tribunal's orders on the point of both fact and law.
PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan, asks him to approach HC
The Supreme Court Friday refused to entertain the bail plea filed on health grounds by jailed businessman Rakesh Wadhawan, accused of money laundering in the multi-crore rupees Punjab and Maharashtra Co-operative (PMC) Bank fraud case, saying that he has been in hospital more than the jail.
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NBCC climbs 2% on bagging Rs 720 crore order from CCL
The estimated project cost is Rs 720.32 crore, NBCC said.
NBCC order book to touch Rs 40,000 cr by fiscal end: CMD
National Buildings Construction Corporation was listed on stock exchanges in April 2012 with a total market capitalisation of about Rs 1,270 crore.
NBCC bags contracts worth Rs 8,523 crore in December
"Secured total business amounting to Rs 8,523 crore (approximately) in the month of December," the company said in a BSE filing.
NBCC bags projects worth Rs 192.74 crore in November
In a filing to the BSE, the National Buildings Construction Corporation informed that it has "secured business amounting Rs 192.74 crore in November 2015".
National Buildings Construction Corporation to make a foray into e-commerce segment
"The company is intending to foray into new business venture of E-commerce," NBCC said in a regulatory filing.
NBCC sets up new subsidiary in Oman
NBCC has 70% stake in 'NBCC Gulf LLC' and 30% is held by 'Al Naba Holding LLC' - a leading business group in Oman, NBCC said in a regulatory filing.
BJP finds Louis Berger Group deal for Mono Rail fishy
For starters, the BJP has highlighted how the Mumbai Metropolitan Region Development Authority (MMRDA) in charge of the Mumbai Mono Rail Project appointed the Louis Berger Group as the Project Management Consultant (PMC) for the project.
NBCC gets Rs 914.54 crore contracts in June for project management
State-owned National Buildings Construction Corporation (NBCC) has bagged contracts worth Rs 914.54 crore during the last month for project management.
Cidco hopes to begin work on Navi Mumbai airport by April 2016
Earlier, Cidco had said it would invite financial bids or requests for proposal (RFPs) by August this year and the final bidder would be selected by October.
Global firms in the race to be consultant for DFC project
Major international companies have evinced keen interest in the Railways' mega infrastructure project - Dedicated Freight Corridor (DFC).
Varsity to help PMC complete tree census
The Pune Municipal Corporation (PMC) will complete the task of tree census with the help of the Pune University (UoP).
Help at hand for Pune's water woes
For urban civic authorities, water-logged roads and clogged storm water drains during the monsoon have become a nightmare of sorts.
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