NBCC inks MoU Rs 100 Crore Contract from Oil India Limited
New Delhi, June 11, 2024: NBCC (India) Limited, a Navratna CPSE, has secured a contract worth approximately Rs 100 crore from Oil India Limited (OIL) to build a centralized core repository with advanced laboratory facilities in Guwahati, Assam.
The agreement marks a significant milestone in the company’s growth trajectory, demonstrating its expertise in construction and infrastructure development.
With a strong pipeline of projects, including a Rs 700 crore contract from Kochi Metro Rail Limited and other projects worth Rs 979 crore, NBCC is poised for significant growth and revenue expansion.
Financial Conclusion:
This contract win is expected to boost NBCC’s financial performance, driving revenue growth and profitability. The company’s order book is likely to receive a significant boost, driving growth and investor confidence.
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