NCC Ltd witnessed a 2% surge in its stock price on January 1, 2025, following the announcement of securing an order worth ₹349.7 crore in December 2024. The order, awarded by a private company, pertains to the building division and is set to be completed within 32 months.
Key Highlights:
- Order Details: The ₹349.7 crore contract is unrelated to internal orders, focusing on the building segment.
- Completion Timeline: The project is expected to be completed within 32 months.
FY25 Order Progress:
Last week, NCC’s Head of Strategy, Neerad Sharma, shared updates on the company’s ambitious FY25 order inflow target of ₹20,000-22,000 crore. Sharma disclosed that the company has already achieved 55-60% of the lower band of this target.
Ken-Betwa Link Project:
In addition to the recent order, NCC secured a ₹3,389.49 crore Engineering, Procurement, and Construction (EPC) contract for the Daudhan Dam under the Ken-Betwa Link Project. The project, to be completed within 72 months, excludes GST and is a significant milestone in the company’s domestic project portfolio.
