NCC Ltd. shares jumped 4% after the company emerged as the successful bidder for the ₹3,389.49 crore Daudhan Dam project under the ambitious Ken-Betwa Link Project.
The company received the Letter of Acceptance (LoA) on November 28, 2024, from the Ken-Betwa Link Project Authority, under the Ministry of Jal Shakti’s Department of Water Resources, River Development, and Ganga Rejuvenation.
The project involves the Engineering, Procurement, and Construction (EPC) execution of the dam, including planning, design, engineering, and hydro-mechanical works. With a completion timeline of 72 months, the project highlights NCC’s capabilities in delivering large-scale infrastructure initiatives. This major domestic contract emphasizes India’s commitment to self-reliance and sustainable water management, aligning with national priorities in the river rejuvenation and water resources sector.
As of 9:18 am, NCC shares were trading 4.15% higher at Rs 315.95 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash