Market Performance
NCC's share price increased 6% during morning trading on Wednesday. The stock opened at ₹215.20 on the BSE, an increase of more than 5% compared to the previous day's closing price of ₹204.45. During the session, the share price reached an intraday high of ₹217.55, marking a gain exceeding 6%.
Major Order from BSNL
On Tuesday, NCC Ltd announced it had secured two Advance Work Orders from Bharat Sanchar Nigam Limited (BSNL). The orders pertain to the design, supply, construction, installation, upgrading, operation, and maintenance of the middle-mile network for the BharatNet project in the Uttarakhand Telecom Circle, as well as the Madhya Pradesh, DNH, and DD Telecom Circles.
The details of the orders are as follows:
Madhya Pradesh Order
- Total Contract Value: ₹2647.12 crore (excluding GST)
- Capital Expenditure (Capex): ₹1543.35 crore
- Operating Expenses (Opex): ₹1103.77 crore
Madhya Pradesh, DNH & DD Telecom Circles Order
- Total Contract Value: ₹8157.44 crore (excluding GST)
- Capital Expenditure (Capex): ₹4189.05 crore
- Operating Expenses (Opex): ₹3968.39 crore
Additional Recent Orders
NCC Ltd has recently secured several other significant contracts:
- Darbhanga Medical College & Hospital Redevelopment
- Client: Bihar Medical Services & Infrastructure Corporation Limited
- Total Contract Value: ₹1480.34 crore (excluding GST)
- Date of Acceptance: 21st March 2025
- Infrastructure Development in Amaravati
- Client: Andhra Pradesh Capital Region Development Authority
- Total Contract Value: ₹2129.60 crore (excluding GST)
- Date of Acceptance: 19th March 2025
Summary
NCC Ltd's share price increased by 6% following the announcement of securing two significant orders from BSNL worth a combined ₹10,805 crore. The company has also recently won additional contracts, including the redevelopment of a medical college in Bihar and infrastructure development in Amaravati, further expanding its project portfolio.
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