Nagarjuna Const wins Rs 583-crore contracts

Nagarjuna Construction Company Limited (NCCL), a Hyderabad-based infrastructure development company, has secured five orders aggregating Rs 583 crore.

These include a Rs 238-crore order secured from the public health engineering department, Kolkata, for surface water-based piped water supply scheme at Chakdah municipality of Nadia district to be completed in 15 months, an order valued at Rs 124 crore from Orissa-based Mahanadi Coal Fields Limited for execution of works like drilling, excavation and dozing to be completed in three years, and a Rs 85-crore order from the National Water Supply and Drainage Board, Sri Lanka, for construction of Mahara and Blygama schemes.

The fourth order is from Slum Rehabilitation Authority, Nagpur, for construction of tenements, development of infrastructure and amenities for rehabilitation of slums at Rs 78 crore to be completed in 18 months, while the fifth order valued at Rs 58 crore is from Bangalore-based SPL Relators Private Limited for construction the ‘Shriram Surabhi’ project at Mallasandra to be executed in 15 months, the company said in a filing to the BSE on Monday.

NCCL’s scrip is currently trading at Rs 153 on the BSE, down 2.17 per cent, as against the previous close of Rs 156.40.