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NCC bags five new orders worth Rs 2,149 crore from different government agencies

Ganesh V
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NCC bags five new orders worth Rs 2,149 crore from different government agencies

NCC announced on Thursday after the market hours that it has received five new orders, totalling Rs 2,149 crore (exclusive of GST) in the month of June. 

Out of the total orders, two orders of Rs 1,254 crore pertain to the water & environment division while one order worth Rs 729 crore pertains to buildings division. Besides, one order of Rs 166 crore is for the mining division.   

These orders are received from PSU/central/state government agencies and do not include any internal orders. 

Reacting to this, the company’s stock today increased by 3.50 per cent and made an intraday high of Rs 90.25 per share. The stock of the company has increased by 196 per cent from its decline in July 2020.  

NCC Ltd is engaged in the infrastructure sector, primarily in the construction of industrial & commercial buildings, housing, roads, bridges and flyovers, water supply as well as environmental projects, railways, mining, power transmission lines, irrigation and hydrothermal power projects, real estate development, etc. 

According to BSE data, the stock traded at a P/E multiple of 20.36 and a price-to-book ratio of 0.99. The stock has a 52-week high and a 52-week low of Rs 100 and Rs 27.60, respectively. 

At 12.17 pm, the stock of the company was trading at Rs 89.40, up by 2.52 per cent on BSE.

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