NBCC (India) has received Letter of Intent (LoI) from Department of Customs and Excise, Government of India for Planning, Designing & Construction of office complex and residential quarters at Customs Enclave Plot, Wadala in Mumbai amounting to around Rs 32 billion on self-revenue generation model.

Total volume of shares traded on the bourses today was higher by 200.55% to 2,781,582 compared with 22-day average volume of 925,507.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.

Shares of the company gained Rs 5.6, or 2.54%, to trade at Rs 225.90. The total volume of shares traded was 247,237 at the BSE (9.46 a.m., Thursday).