NCC has secured contracts totaling ₹3,496 crore in October 2024.
NCC announced in an exchange filing on Friday, November 1, that it has obtained several contracts worth ₹3,496 crore in October 2024. These contracts were awarded by various central and state government agencies, as well as private companies, covering projects in the Building, Electrical, and Water sectors.
The Building Division accounted for the largest portion, securing contracts valued at ₹2,694 crore. This was followed by the Electrical Division, which received orders worth ₹538 crore, and the Water & Other Divisions, with projects totaling ₹274 crore. The timelines for executing these contracts vary from six months to six years.
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In a statement, NCC confirmed that neither the promoters nor the promoter group have any interest in the entities that awarded the contracts, and none of the orders are classified as “related party transactions.”
The company’s shares closed almost 2% higher on Thursday, October 31.
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