NCC Limited Received Orders valued at Rs 335 Crores
NCC Limited Building division received a contract order worth Rs 355 Cr, and the total duration of the project is 14 Months, the press release read.
by Damodharan N
Updated Jul 01, 2024
NCC Limited, a major construction company, has received a contract order worth Rs 335 crores (excluding GST) in June 2024 for its Building Division. The project has a duration of 14 months.The orders were awarded by a private company, but the specific entity is not mentioned in the press release.
The press release does not provide details on the overall built-up area, location of the project, or any other critical information about the contract. This new contract showcases NCC's expertise and reputation in delivering high-quality building projects, which include residential, commercial, and institutional developments. The company has a robust track record in its Building Division.
In March 2024, NCC also announced receiving two new orders totaling Rs 1,476.01 crore, with the larger one worth Rs 1,303.7 crore for its Transportation Division.NCC is targeting an order inflow of Rs 20,000-22,000 crore, revenue growth exceeding 15%, and EBITDA margins around 9.5-10% in the current financial year.
The company remains optimistic about India's long-term infrastructure prospects, despite potential short-term impacts from upcoming elections. NCC is a significant holding in the portfolio of the late veteran investor Rakesh Jhunjhunwala, now owned by his wife, Rekha Rakesh Jhunjhunwala, who holds a 10.64% stake in the company.
NCC Limited
NCC Limited, formerly known as Nagarjuna Construction Company, is a leading construction and infrastructure conglomerate in India. Over the past four decades, the company has expanded its operations across the country, venturing into diverse sectors such as buildings, transportation, water and environment, irrigation, mining, and railways.
NCC is known for its ability to deliver high-quality projects on time, earning it a strong reputation among customers, financial institutions, and shareholders. Despite the challenges posed by volatile economic conditions, the company remains well-positioned to play a significant role in the infrastructure development of the nation, driven by its core values, dedicated management team, and skilled we.
NCC Limited Received orders valued at Rs 335 Crores - FAQs
1. What is the total value of the contract?
The contract is worth Rs 335 crores (excluding GST).
2. Which division of NCC Limited received the contract?
The contract was awarded to NCC Limited's Building Division.
3. When was the contract received?
The contract was received in June 2024.
4. What is the duration of the project?
The project has a duration of 14 months.
5. Who awarded the contract to NCC Limited?
The contract was awarded by a private company, but the specific entity is not mentioned.
6. Does the promoter group have any interest in the entity that awarded the contract?
No, the promoter group/group companies do not have any interest in the entity that awarded the project.
7. Is this a related party transaction?
No, this contract does not fall under the category of "Related Party Transactions".
8. What are the key details about the project?
The press release does not provide details on the overall built-up area or location of the project.
9. How does this contract fit into NCC Limited's overall business?
NCC Limited is a leading construction and infrastructure conglomerate in India, with a focus on delivering high-quality projects on time.
10. What is the potential impact of this contract on NCC Limited's performance?
Without more details on the project, it is difficult to assess the potential impact on NCC Limited's overall business and financial performance.