NCC secures Rs 2,327 cr in new orders for September

04 Oct 2024 CW Team

NCC Ltd. announced that it has secured orders totaling ₹2,327 crore in September 2024.

These orders are categorized into three key divisions:

₹1,417 crore in the transportation division

₹520 crore in the electrical division

₹390 crore in the buildings division

The contracts were awarded by state government agencies and private firms, with no external orders included in the total, as per the company's exchange filing.

c surpassing previous totals of:

₹1,236 crore in August

₹1,919 crore in July

₹335 crore in June

Earlier this year, in March 2024, NCC secured over ₹3,000 crore in orders, demonstrating robust momentum in its order book. As of the end of the June quarter, promoters held a 22% stake in the company, with Rekha Rakesh Jhunjhunwala owning 10.63%.

Mutual Funds of India held a 9.84% stake in NCC, while small shareholders (with authorized capital under ₹2 lakh) accounted for 21%. The company has yet to disclose its shareholding data for the quarter ending September 30, 2024.

As of this writing, NCC Ltd. shares are trading at ₹305.15, reflecting a 1.13% increase from the previous close. The stock has appreciated by 90% over the past year and nearly 83% since the beginning of 2024.

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