NCC surges ~5% on securing 4 new orders worth Rs1,645 crore

1 Aug 2022 , 03:30 PM

NCC Limited, a leading infrastructure player, announced that it received 4 new orders aggregating to Rs1,645 crore (exclusive of GST) in July 2022.

The company informed that out of the 4 orders received, one order worth Rs945 crore relates to its Building division.

The other two orders worth Rs619 crore are received by NCC’s Water & Environment Division. While, balance orders worth Rs81 crore are received by the Electrical Division.

The company received these orders from Central / State Government Agencies and do not include any internal order.

NCC is a company engaged in the infrastructure sector, completing turnkey EPC contracts as well as BOT projects through Public-Private Partnerships. The company’s verticals include Building & Housing, Transportation, Water & Environment, Irrigation, Power, Electrical Metals, Oil & Gas, and International.

NCC Ltd ended at Rs61.55 up by Rs2.95 or 5.03% from its previous closing of Rs58.60 on the BSE. In today’s trade, the scrip touched a high and low of Rs61.70 and Rs59.05 respectively.