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NBCC (India) hit a record high of Rs 201.75, up 4% on BSE in the otherwise range-bound market, after the company said it has initiated the process to dispose of the land and other immovable assets of sick central public sector enterprises (CPSEs). NBCC, the state-owned construction company, on September 19 last year had been nominated by the government as the land management agency (LMA) to dispose-off the land/immovable assets of the sick CPSEs. Accordingly NBCC has initiated the process and advertisement to this effect," the company said in a BSE filing.
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