NCC Limited Awarded Prestigious EPC Contract for Daudhan Dam

NCC Limited, a leading construction and infrastructure company, has achieved a major milestone with the announcement of its selection as the successful bidder for the EPC execution of Daudhan Dam under the Ken-Betwa Link Project. This contract is a significant development for NCC, as it secures a total value of Rs. 3389.49 crore, excluding GST. The contract was officially awarded by the Ken-Betwa Link Project Authority, which operates under the Ministry of Jal Shakti, Government of India.

The contract pertains to the Planning, Design, Engineering, and Hydro-Mechanical works of the Daudhan Dam, which is an integral part of the larger Ken-Betwa Link Project. The Daudhan Dam will play a crucial role in this ambitious water resource management project aimed at linking the Ken and Betwa rivers, ultimately enhancing water availability for the region.

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Key Highlights of the Daudhan Dam EPC Contract

• Total Project Value: The contract is worth Rs. 3389.49 crore (excluding GST), reflecting the substantial scale of the project.
• Execution Timeframe: The project is set to be executed over 72 months (6 years), with the commencement date to be determined as per the Letter of Acceptance (LoA) issued by the Ken-Betwa Link Project Authority.
• Nature of Contract: The contract is an EPC (Engineering, Procurement, and Construction) contract, ensuring that NCC will be responsible for the comprehensive execution of the dam’s construction, including all planning, design, engineering, and hydro-mechanical aspects.
• Domestic Entity: The contract was awarded by a domestic entity, the Ken-Betwa Link Project Authority, under the Ministry of Jal Shakti, Government of India.
• No Related Party Transactions: NCC Limited confirmed that there are no related party transactions involved in this contract, ensuring complete transparency.

Significance of the Ken-Betwa Link Project

The Ken-Betwa Link Project is one of the most ambitious interlinking of rivers projects undertaken by the Government of India. The project aims to transfer surplus water from the Ken River to the Betwa River, thus addressing water scarcity issues in several drought-prone regions. The Daudhan Dam is a critical component of this project, and its successful execution will have a far-reaching impact on irrigation, drinking water supply, and hydroelectric power generation.

NCC’s Expertise in EPC Projects

NCC Limited has a proven track record in the execution of large-scale infrastructure projects across India. This EPC contract reinforces its position as one of the leading contractors in the infrastructure sector. NCC’s experience in handling complex projects, coupled with its robust project management capabilities, makes it well-equipped to manage the intricacies involved in executing the Daudhan Dam construction.

Regulatory Compliance and Disclosure

As part of its compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, NCC Limited has disclosed all the required details about the contract in the public domain. The disclosure includes the project’s value, the scope of work, the timeline, and the confirmation that no related party transactions are involved. This ensures complete transparency in the process, adhering to the regulatory requirements stipulated by SEBI and the stock exchanges.

Implications for NCC Limited and India’s Infrastructure Development

This contract marks a significant opportunity for NCC Limited to expand its portfolio in the water resources and hydroelectric power sectors, which are poised for growth as India addresses its water management challenges. The success of the Daudhan Dam project will further enhance NCC’s reputation and potentially lead to more opportunities in infrastructure projects in the future.

The Ken-Betwa Link Project itself is expected to have a transformative effect on the region's water availability and agricultural productivity. It is expected to improve irrigation facilities for over 9 lakh hectares of land and provide drinking water to millions of people. The successful execution of this project will help improve the lives of people in the drought-prone areas of Bundelkhand and Madhya Pradesh.

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This major contract positions NCC Limited for further growth and strengthens its role in the development of India’s critical infrastructure, including water management and hydroelectric power.