NCC firms up on bagging new order

Shares of NCC rose 1.97% to Rs 36.15 after the company said it received a new order worth Rs 85 crore in February.

NCC has received a new order worth Rs 85 crore (exclusive of GST) in February. Besides, during the month, one order for Rs 1,550 crore pertaining to NBCC, Nauroji Nagar, New Delhi, has been reinstated after the Delhi High Court judgment, the company further said. These orders pertain to building division and are received from central/state government agencies and do not include any internal orders, NCC added. The disclosure was made at the fag end of trading hours yesterday, 2 March 2020.

NCC's consolidated net profit dropped 37.8% to Rs 103.23 crore on a 32.5% decline in net sales to Rs 2,281.40 crore in Q3 December 2019 over Q3 December 2018.

NCC is engaged in the construction/project activities in the infrastructure sector. The firm is involved in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and environment projects, housing, power transmission lines, irrigation and hydrothermal power projects and real estate development.

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