The construction company secured two new orders totaling to Rs 530 crore in March 2021.
Out of these, one order of Rs 342 crore pertains to irrigation division, second order of Rs 188 crore pertains to buildings division. These orders are received from state government agencies and do not include any internal orders.
On a consolidated basis, NCC's net profit declined 24% to Rs 77.88 crore on a 6.8% fall in net sales to Rs 2,126.90 crore in Q3 December 2020 over Q3 December 2019.
Shares of NCC declined 3.27% to Rs 78.40 on BSE. NCC is engaged in the construction activities in the infrastructure sector.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.