HomeMarket NewsNCC secures orders worth ₹3,496 crore in October 2024
The Building Division secured the largest share, with contracts worth ₹2,694 crore, followed by the Electrical Division, which received orders worth ₹538 crore, and the Water & Other Divisions, with projects valued at ₹274 crore.
By Asmita Pant November 1, 2024, 12:44:18 PM IST (Published)
NCC bagged multiple contracts amounting to ₹3,496 crore in October 2024, the company said in an exchange filing on Friday, November 1. All the contracts were from central and state government agencies and private companies. These projects span across the Building, Electrical, and Water divisions.
The Building Division secured the largest share, with contracts worth ₹2,694 crore, followed by the Electrical Division, which received orders worth ₹538 crore, and the Water & Other Divisions, with projects valued at ₹274 crore. The execution timelines for these contracts range from six months to six years.
In a statement, NCC clarified that neither the promoters nor the promoter group have any interest in the entities awarding the contracts, and none of the orders fall under “related party transactions.”
The company’s shares ended nearly 2% in the green on Thursday, October 31.
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