NCC Limited has secured two significant Advance Work Orders from Bharat Sanchar Nigam Limited (BSNL) for the development of BharatNet’s middle-mile network. These contracts, valued at ₹10,804.56 crore (excluding GST), mark a substantial milestone for the company in the telecom infrastructure sector.
The orders pertain to the Uttarakhand Telecom Circle and the Madhya Pradesh, Dadra & Nagar Haveli, and Daman & Diu Telecom Circles. The scope of work includes design, supply, construction, installation, upgradation, operation, and maintenance of the network. With a three-year construction timeline and a ten-year maintenance period, these projects will significantly enhance broadband connectivity in the respective regions.
The Uttarakhand contract is valued at ₹2,647.12 crore, comprising ₹1,543.35 crore in capital expenditure and ₹1,103.77 crore in operational expenditure. Meanwhile, the Madhya Pradesh, DNH & DD package is significantly larger, worth ₹8,157.44 crore, with ₹4,189.05 crore allocated for capex and ₹3,968.39 crore for opex.
As per NCC’s materiality policy, orders exceeding ₹1,000 crore are categorized as major. This strategic win strengthens the company’s foothold in India’s digital infrastructure development. With BharatNet being a crucial initiative to expand broadband access across rural India, NCC’s involvement underscores its expertise in executing large-scale telecom projects.
In the meantime, NCC Ltd’s shares closed at ₹205.10 on Monday, reflecting a slight dip from the opening price of ₹210.93. The stock hit an intraday high of ₹210.95 and a low of ₹203.00. Over the past year, NCC has ranged between a 52-week high of ₹364.50 and a low of ₹170.05.
