NEW DELHI: State-owned today rose more than 3% on the National Stock Exchange after the company informed exchanges that it has received a contract worth Rs 968 crore for a social housing construction project in Maldives.
The contract, so far NBCC’s biggest in the overseas market, is for building of 2,000 social housing units at Hulhumale, Maldives, the company’s release said, adding that the contract was on an engineering, procurement and construction basis.
At the time of publishing, the company’s scrip was up 1.55 points or 3.34% on the NSE.
The contract is between Fahi Dhiriulhun Corporation, a state-owned Maldives-based company, NBCC and JMC projects for a total of 4,000 social housing units and EXIM Bank has provided buyers credit worth close to $230 million.
