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

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

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.

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 divisionThe 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 JuneEarlier 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.

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App