New Delhi, Aug. 25 -- Shares of Navratna PSU NBCC rebounded 2 percent from the day's low of Rs.103 to touch a high of Rs.105 on Monday, August 25, after the company secured a Rs.3,700 crore order from the Rajasthan government.

NBCC announced in an exchange filing that it has been appointed as the lead agency to design, build, and market the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure. The project will be developed on 95 acres of land allotted by the Rajasthan State Industrial Development & Investment Corporation (RIICO) along the B2 Bypass, Tonk Road.

According to the company, the Government of Rajasthan recently granted cabinet ap...