NCC Limited shares jumped 3% after the company secured a major infrastructure project from the Andhra Pradesh Capital Region Development Authority (APCRDA). The contract, valued at ₹2,129.60 crore (excluding GST), involves the development of key infrastructure in Amaravati’s Zone-12 village area. As of 9:15 AM, the shares were trading at 3.52% higher at Rs 203.65
As per the Letter of Acceptance received on March 19, 2025, NCC will construct roads, drains, water supply systems, sewage networks, utility ducts for power and ICT, a reuse waterline, and avenue plantations. The project will be executed under a lumpsum contract (percentage tender) basis, with a construction timeline of three years, followed by a two-year defect liability period (DLP).
This significant domestic contract reaffirms NCC’s strong presence in India’s infrastructure sector. The stock rally reflects investor confidence in the company’s growing order book and execution capabilities.
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