NBCC shares up 2.5% on bagging Rs 17,516 crore orders in FY16

Shares of National Buildings Construction Corporation (NBCC) on Friday rose 2.5% as the company secured orders worth Rs 17,516 crore in the last fiscal. The stock moved up by 2.55% to Rs 963.95 on BSE.

At NSE, shares of the state-run firm gained 2.26% to Rs 963.80. NBCC has secured some big ticket orders including Rs 2,149-crore order from the Indian Trade Promotion Organisation (ITPO) for redevelopment of exhibition venue at Pragati Maidan and Rs 5,828 crore redevelopment project from AIIMS.

"NBCC has secured a total business of Rs 226.96 crore in March, 2016 under the Project Management Consultancy (PMC) segment and the total work secured during 2015-16 amounts to Rs 17,516.53 crore," it said in a regulatory filing on Thursday.