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Photo:FILE NCC

infrastructure development Government company NCC Ltd. has received a contract worth Rs 3,389.49 crore for the construction of Daudhan Dam under the Ken-Betwa Link Project. The company said in a statement on Friday that the total value of the contract will be Rs 3,389.49 crore (excluding GST). “Acceptance letter dated November 28 regarding selection of the company as the successful bidder for the engineering, procurement and construction (EPC) works of Daudhan Dam under the Ken-Betwa Link Project,” NCC Limited said in a filing to the stock exchange. have received. Earlier, NCC had announced in the beginning of November that it had received orders worth Rs 3,496 crore in the month of October. Of these orders, Building Division has received orders worth Rs 2,684 crore, Electrical Division has received orders worth Rs 538 crore and Water and Other Division has received orders worth Rs 274 crore.

The project work will have to be completed in 72 months

The project work is to be implemented over a period of 72 months. It said the work includes planning, design and engineering and hydro-mechanical work on EPC basis. NCC had received orders worth ₹4,760 crore in the September quarter, taking the total order book to ₹52,370 crore. NCC has estimated order inflow between ₹20,000 crore to ₹22,000 crore and revenue growth of over 15% for the full fiscal year. EBITDA margin for the full year is expected to be between 9.5% to 10%.

Share gave bumper return of 88% in 1 year

If we look at the shares of NCC, the company’s shares have given a bumper return of 88% in a period of 1 year. The share price has increased from Rs 165 to Rs 311 in November 2023. The company’s stock has given a return of 6 percent in the last one month. NCC Limited is engaged in construction/project activities in the infrastructure sector. The company mainly undertakes construction of industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environmental projects, mining, power transmission lines, irrigation and hydrothermal power projects, real estate development.

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