Nbcc India, Mtnl Rise On Signing 16 Bln: rupee project
12/09/2024 05:11
** Shares of engineering firm NBCC India NBCC.NS and
state-run telecom firm Mahanagar Telephone Nigam (MTNL)
MTNL.NS climb 3.4% and 3.8%, respectively
** Companies signed memorandum of understanding (MOU) for a
project worth 16 bln rupees ($190.5 mln) to develop MTNL's land
parcel in New Delhi
** In previous session, NBCC lost 2.6%, MTNL dropped 4%
** Including session's gains, NBCC up ~123%, MTNL ~65%
higher YTD
($1 = 83.9700 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
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