NBCC gains 4% on Rs 250-cr order win from Mauritius govt

A labourer, wearing an improvised protective mask, welds steel bars at a residential construction site in Quzhou, Zhejiang province April 3, 2014. Chinese steel and iron ore futures edged higher on Thursday, spurred by Beijing's move to hasten construction of railway lines to support a slowing economy, although gains were capped since the boost to steel demand is likely to be limited. REUTERS/Stringer (CHINA - Tags: BUSINESS COMMODITIES SOCIETY CONSTRUCTION) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - RTR3JQYS

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Shares of NBCC advanced 4.6 percent intraday Tuesday as it has received Rs 250 crore order from Mauritius government.

The company has signed agreement with the State of Mauritius (Government of Mauritius) and Landscope for construction of new Supreme Court building on PMC basis in Mauritius.

The approximate value of the project is USD 35 million (Rs 250 crore) having completion period of 24 months.

The share has given return of 41 percent in last one year.

At 09:44 hrs NBCC (India) was quoting at Rs 174, up Rs 3.60, or 2.11 percent on the BSE.