NCC Secures ₹2,327 Crore Orders in September

1 Oct 2024 , 01:31 PM

NCC Ltd., reported that it secured orders worth ₹2,327 crore during the month of September 2024.

The orders are distributed across three major divisions:

• ₹1,417 crore in the transportation division.
• ₹520 crore in the electrical division.
• ₹390 crore in the buildings division.

The contracts were awarded by state government agencies and private companies, with no external orders being part of the total, as stated in the company’s exchange filing.

September’s order acquisitions are the highest NCC has recorded in at least four months. The company won orders worth:

• ₹1,236 crore in August.
• ₹1,919 crore in July.
• ₹335 crore in June.

Earlier this year, in March 2024, NCC had secured orders exceeding ₹3,000 crore, reflecting strong momentum in its order book. At the end of the June quarter, promoters of NCC held a 22% stake in the company, with Rekha Rakesh Jhunjhunwala holding a 10.63% share.

Mutual Funds of India owned a 9.84% stake in NCC, while small shareholders (those with authorized share capital under ₹2 lakh) held a 21% stake. The company is yet to release its shareholding data for the quarter ending on September 30, 2024.

At the time of writing, shares of NCC Ltd is trading at ₹305.15 which is a 1.13% gain than the previous close. NCC Ltd stock has gained a total of 90% in the last one year, and almost 83% since the beginning of the year.