NCC Secures ₹3,086 Crore Orders in March; Hits FY 2023-24 Guidance

1 Apr 2024 , 10:44 AM

NCC received orders totaling ₹3,086 Crore in March 2024. The breakdown of orders is as follows: ₹1,589 Crore for the electrical division, ₹1,330 Crore for the transportation division, and ₹167 Crore for the building division.

During FY 2023-24, NCC secured orders worth ₹26,000 Crore, meeting management’s guidance for the year.

NCC AB (Nordic Construction Company), a Swedish firm, is a major player in the Nordic construction sector, boasting annual revenues of 54 billion SEK in 2022 and a workforce of approximately 12,500 employees.

NCC’s portfolio includes residential properties, industrial facilities, public buildings, roads, civil engineering structures, and infrastructure projects. Additionally, it supplies construction materials like aggregates and asphalt and engages in paving activities.

The company primarily operates in the Nordic region, competing with firms such as AF Gruppen, Skanska, Peab, Per Aarsleff, Veidekke, and YIT.

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