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

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..