NCC Secures Rs 2.18 Billion Transport Project from State Government

03 Mar 2025 CW Team

Infrastructure company NCC secured a transportation project worth Rs 2.18 billion (excluding GST) in February 2025, awarded by a state government. The project falls under the company’s transportation division and is expected to be executed over a period of 36 months. The order was obtained as part of NCC’s regular business operations and does not involve any related party transactions. The awarding entity has no direct or indirect ties to the company’s promoters, promoter group, or associated companies.

In financial performance, NCC reported a 12.5 per cent year-on-year decline in net profit for the third quarter that ended December 31, 2024, with earnings dropping to Rs 1.93 billion compared to Rs 2.20 billion in the corresponding quarter of the previous fiscal year. Despite this decline in profit, the company's revenue from operations saw a modest increase of 1.6 per cent, rising to Rs 53.44 billion from Rs 52.60 billion in the previous year’s third quarter.

At the operational level, EBITDA contracted by 16.6 per cent, declining to Rs 4.20 billion in Q3FY25 from Rs 5.04 billion in Q3FY24. The EBITDA margin also declined to 7.9 per cent from 9.6 per cent in the same period last year. Additionally, the company’s basic and diluted earnings per share (EPS) fell to Rs 3.08 in the third quarter from Rs 3.51 a year ago.

NCC continues to focus on securing infrastructure projects as part of its growth strategy, despite fluctuations in financial performance.

News source: CNBC TV18

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..