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 Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..