NCC jumps on receiving LoA from Ken-Betwa Link Project Authority
NCC is currently trading at Rs. 307.55, up by 4.60 points or 1.52% from its previous closing of Rs. 302.95 on the BSE.
The scrip opened at Rs. 310.60 and has touched a high and low of Rs. 318.00 and Rs. 305.25 respectively. So far 277927 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 364.50 on 31-Jul-2024 and a 52 week low of Rs. 154.70 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 318.00 and Rs. 289.30 respectively. The current market cap of the company is Rs. 19234.08 crore.
The promoters holding in the company stood at 22.00%, while Institutions and Non-Institutions held 33.21% and 44.79% respectively.
NCC has received Letter of Acceptance (LoA) dated November 28, 2024 from Ken-Betwa Link Project Authority regarding selection of the company as the successful bidder for the EPC execution of Daudhan Dam under Ken-Betwa Link Project. The total price for the contract shall be Rs 3389.49 crore (excluding GST). The said order is expected to be executed in 72 months (to be reckoned from the Date of Order to Commence).
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.
