NCC secures dam project worth ₹3,389 Crore in MP

29 Nov 2024 , 02:00 PM

NCC Ltd. informed the bourses on Thursday, November 28, that it had received a letter of acceptance from the Ken-Betwa Link Project Authority.

NCC has been selected as a successful bidder for the EPC execution of the Daudhan Dam as part of the Ken-Betwa link project, according to an exchange filing.

According to NCC, the domestic order is valued at ₹3,389.49 Crore and would be executed within 72 months of its commencement date. The contract value is exclusive of GST.

In October, NCC received orders totaling ₹3,496 Crore (as of November 1). Orders totaled ₹2,684 Crore for the building division, ₹538 Crore for the electrical division, and ₹274 Crore for the Water & Other sector. 

In the September quarter, NCC secured orders of ₹4,760 Crore, bringing the entire order book to ₹52,370 Crore.

NCC expects order inflow to be between ₹20,000 Crore and ₹22,000 Crore for the fiscal year, with revenue growth above 15%.

At around 1.50 PM, NCC was trading 1.60% higher at ₹308.20, against the previous close of ₹303.35 on NSE. The counter touched an intraday high and low of ₹318.25, and ₹305.20, respectively.

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