Hot Pursuit     01-Jul-23
NCC bags new orders worth Rs 2,055 cr in June
NCC announced that it has received new orders worth Rs 2,055 crore in June 2023 from private and state Government agencies and does not include any internal orders.
Out of total orders, two orders valuing Rs 1,335 crore relating to building division while one order valuing Rs 720 crore relating to electrical division. The above contracts need to be executed in a time span of 20 to 27 months from the date of award.

Hyderabad-based NCC is a construction company, engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways.

On a consolidated basis, net profit of NCC declined 21.17% to Rs 190.86 crore on 42.32% increase in net sales to Rs 4949.03 crore in Q4 March 2023 over Q4 March 2022.

The scrip rose 1.37% to settle at Rs 122.10 on Friday, 30 June 2023.

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