NCC rises on receiving new orders worth Rs 8398 crore in August
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NCC is currently trading at Rs. 172.90, up by 3.20 points or 1.89% from its previous closing of Rs. 169.70 on the BSE.
The scrip opened at Rs. 172.60 and has touched a high and low of Rs. 176.95 and Rs. 171.20 respectively. So far 576020 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 176.95 on 1-Sept-2023 and a 52 week low of Rs. 66.20 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 176.95 and Rs. 150.90 respectively. The current market cap of the company is Rs. 10654.56 crore.
The promoters holding in the company stood at 22.00%, while Institutions and Non-Institutions held 34.75% and 43.25% respectively.
NCC has received 4 new orders aggregating Rs 8398 crore (excluding GST) in the month of August 2023 relating to Electrical Division. The first two Orders, one for Rs 2822 crore and another one for Rs 2933 crore received from the Maharashtra State Electricity Distribution Co. (MSEDCL) relating to the Advanced Metering Infrastructure (AMI) Project, to be executed on Design, Build, Finance, Own, Operate, Transfer (DBFOOT) basis under RDSS Scheme. The duration of these orders is 9 years 3 months including 7 years Operation & Maintenance period and these 2 projects are required to be executed through ‘Special Purpose Vehicles’.
The third Order for Rs 2324 crore received from North Bihar Power Distribution Co, is for Advanced hietedng Infrastructure Project (AM) on Design, Build, Finance, Own, Operate, Transfer (DBFOOT) basis. This Order with duration of 9 years 3 months is required to be executed by NCC itself. The Fourth Order for Rs 319 crore received from Bangalore Electricity Supply Co. for upgradation of Distribution Automation System (DAS) with a duration of 18 months. As such the orders totaling to Rs 5755 crore will form part of the Subsidiary Companies (SPVs) order book and balance Rs 2643 crore remains in NCC standalone order book.
NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.
