NBCC (India) has secured four new project management consultancy contracts worth ₹158.95 crore through its wholly owned subsidiary Hindustan Steelworks Construction Ltd (HSCL). According to the latest stock exchange filing, the contracts include the construction of a Mega Education Complex in Keonjhar district valued at ₹70.59 crore, works for DD University worth ₹17.24 crore, and two contracts from Kendriya Vidyalaya Sangathan for new campuses in Angul and Sambalpur districts, each valued at ₹35.56 crore. These latest wins add to the ₹132.28 crore orders announced earlier this month, bringing NBCC's total project portfolio to nearly ₹301 crore in recent contract wins.
The latest trading session showed mixed performance with Nifty 50 rising 95 points (0.39 percent) to close at 24,271, while Bank Nifty fell 93 points (0.16 percent) to 57,938. Market breadth remained marginally positive with about 1,577 shares advancing against 1,416 declining shares on the National Stock Exchange. The technical setup for Nifty 50 appears to be turning in favour of the bulls after a sustained consolidation phase, with the index closing above the 24,200 mark and displaying strength above its recent trading range. According to latest market analysis, the index has delivered a follow-through Double Top Buy breakout above its immediate 45-degree objective trendline after finding support near its 10-column moving average.
From a technical perspective, Nifty 50 has delivered a follow-through Double Top Buy breakout above its immediate 45-degree objective trendline after finding support near its 10-column moving average. The index has closed decisively above the 24,200 mark and ended the session above 24,270, indicating a healthy and constructive price structure. Immediate resistance is placed at 24,400, followed by stronger hurdles in the 24,550-24,600 zone. The RSI stands at 57.65, indicating positive momentum and remaining in the buying zone with scope for further upside. The Point & Figure charts echo this constructive view, with the index displaying strength by closing above the 24,200 mark and ending the session above 24,270, indicating a healthy and constructive price structure.
The latest contract wins significantly strengthen NBCC's project pipeline in the education and public infrastructure segments. NBCC currently maintains an order book of around ₹1.2 lakh crore, with projects worth nearly ₹38,000 crore under execution. The company plans to award another ₹20,000 crore worth of work during the current financial year, taking the value of projects under execution to around ₹58,000 crore. HSCL operates under the Ministry of Housing and Urban Affairs as a wholly owned subsidiary of NBCC (India), adding to the group's diversified project portfolio across multiple infrastructure segments.
