Hot Pursuit     03-Oct-23
NCC edges higher after bagging orders worth Rs 4,206 crore
NCC added 3.61% to Rs 160.70 after the company announced that it has received three orders worth Rs 4,205.94 crore in the month of September 2023.

Out of them, one order of Rs 819.20 crore is related to Water Division, another order of Rs 173.19 crore is related to Electrical Division and third order of Rs 3,213.55 crore is related to Transportation Division.

The order valuing Rs 3213.55 crore is the share of NCC (51%) out of Rs 6301.08 crore order received by J.Kumar-NCC Joint Venture from Brihanmumbai Municipal Corporation.

"These orders are received from State and Central government agencies and does not include any internal orders,” NCC said in a statement.

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 increased 33.9% to Rs 173.54 crore on 31.9% rise in net sales to Rs 4,380.39 crore in Q1 FY24 over Q1 FY23.

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