The newly appointed Minister of Housing and Urban Affairs, Hardeep Singh Puri, recently urged the public sector enterprise NBCC (India) Limited to work towards becoming a USD 3 billion company.
According to media reports, top government officials closely associated
with the discussions disclosed that the Singh has asked NBCC “to think
even bigger and increase its international profile in the context of the
construction sector having been opened to FDI and consider getting
listed on foreign bourses, being a USD 3 billion company”.
NBCC, is a Navratna organisation, the stock has recorded a hike in its
share prices by over 80% in the last one year. The company had also
posted an order book of over Rs 36,000 crore till March 2016.
At 1520 hours, the stock stood at Rs 208.50 per share, down by 0.86% on
the NSE on Friday. The stock had hit an intraday high of Rs 211.30 per
share at 1000 hours and an intraday low of Rs 208.40 per share on the
NSE.
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