NCC Limited, a prominent player in the infrastructure sector, has announced that it has successfully secured orders worth ₹3,496 Crore (excluding GST) in the month of October 2024. This significant achievement underscores the company’s robust operational capabilities and commitment to delivering high-quality infrastructure projects across India.

Details of Orders Received

The newly awarded contracts are diversified across various divisions of NCC, specifically:

• Building Division: Orders worth ₹2,694 Crore have been awarded, emphasizing NCC's strength in constructing commercial and residential properties, contributing to urban development and housing initiatives.
• Electrical Division: The company has received contracts amounting to ₹538 Crore, reflecting its expertise in electrical works, which are critical for the development of smart cities and efficient power distribution networks.
• Water and Other Divisions: Orders totaling ₹274 Crore have been awarded, highlighting NCC’s role in water supply and sanitation projects, essential for sustainable infrastructure development.

Project Awarding Entities

The contracts have been awarded by various state and central government agencies as well as private limited companies, which signifies the trust and confidence that these entities have in NCC’s capabilities to deliver large-scale projects effectively. Importantly, none of these orders include internal projects, ensuring that the contracts are external and independently sourced.

No Related Party Transactions

NCC Limited has confirmed that the promoters, promoter group, or group companies have no interests in the entities that awarded these projects. Additionally, the contracts do not fall under the category of Related Party Transactions, enhancing the transparency and integrity of the bidding process.

Execution Timeline

The time span for executing these contracts varies significantly, with durations ranging from 6 to 72 months from the date of award. This flexibility allows NCC to strategically manage its resources and operational capacities while fulfilling its commitments to clients.

Conclusion

The recent success in securing orders worth ₹3,496 Crore marks a notable milestone for NCC Limited and reaffirms its position as a leading contractor in the Indian infrastructure market. The company's diversified portfolio across building, electrical, and water projects positions it well to meet the increasing demand for infrastructure development across the nation.

For ongoing updates and further details about NCC Limited's projects and performance, stakeholders are encouraged to stay tuned to official press releases and announcements from the company. This proactive approach not only strengthens investor confidence but also aligns with the government's vision for enhanced infrastructure development in India.

NCC Limited continues to be a key player in transforming the infrastructure landscape of the country, contributing significantly to various developmental initiatives aimed at improving the quality of life for citizens.