NCC secures Rs 2,327 cr in new orders for September
ECONOMY & POLICY

NCC secures Rs 2,327 cr in new orders for September

NCC Ltd. announced that it has secured orders totaling ₹2,327 crore in September 2024.

These orders are categorized into three key divisions:

₹1,417 crore in the transportation division

₹520 crore in the electrical division

₹390 crore in the buildings division

The contracts were awarded by state government agencies and private firms, with no external orders included in the total, as per the company's exchange filing.

c surpassing previous totals of:

₹1,236 crore in August

₹1,919 crore in July

₹335 crore in June

Earlier this year, in March 2024, NCC secured over ₹3,000 crore in orders, demonstrating robust momentum in its order book. As of the end of the June quarter, promoters held a 22% stake in the company, with Rekha Rakesh Jhunjhunwala owning 10.63%.

Mutual Funds of India held a 9.84% stake in NCC, while small shareholders (with authorized capital under ₹2 lakh) accounted for 21%. The company has yet to disclose its shareholding data for the quarter ending September 30, 2024.

As of this writing, NCC Ltd. shares are trading at ₹305.15, reflecting a 1.13% increase from the previous close. The stock has appreciated by 90% over the past year and nearly 83% since the beginning of 2024.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

NCC Ltd. announced that it has secured orders totaling ₹2,327 crore in September 2024.These orders are categorized into three key divisions:₹1,417 crore in the transportation division₹520 crore in the electrical division₹390 crore in the buildings divisionThe contracts were awarded by state government agencies and private firms, with no external orders included in the total, as per the company's exchange filing.c surpassing previous totals of:₹1,236 crore in August₹1,919 crore in July₹335 crore in JuneEarlier this year, in March 2024, NCC secured over ₹3,000 crore in orders, demonstrating robust momentum in its order book. As of the end of the June quarter, promoters held a 22% stake in the company, with Rekha Rakesh Jhunjhunwala owning 10.63%.Mutual Funds of India held a 9.84% stake in NCC, while small shareholders (with authorized capital under ₹2 lakh) accounted for 21%. The company has yet to disclose its shareholding data for the quarter ending September 30, 2024.As of this writing, NCC Ltd. shares are trading at ₹305.15, reflecting a 1.13% increase from the previous close. The stock has appreciated by 90% over the past year and nearly 83% since the beginning of 2024.

Next Story
Infrastructure Transport

Govt announces Rs 20 Bn bonus for railway employees

Union Minister Ashwini Vaishnaw announced on Thursday the Cabinet has approved a Productivity Linked Bonus of Rs 20.29 billion for Railway employees, benefiting 11,72,240 workers in recognition of their good performance. He also addressed concerns about recruitment, stating that the process for filling 58,642 vacancies is underway, countering opposition claims that present misleadingly small figures regarding employment in the Railways. Union Minister Ashwini Vaishnaw said, Productivity Linked Bonus for Railway employees of Rs 20.29 billion has been approved by the cabinet for the good perfo..

Next Story
Infrastructure Transport

Prabhakar seeks new railway line between Belagavi and Karad

KLES chairperson and former Rajya Sabha member Prabhakar Kore urged the Union minister of road transport and highways Nitin Gadkari and Union consumer affairs minister Pralhad Joshi, who were on the dais, to get the Belagavi-Nippani-Kolhapur-Karad new railway line sanctioned between Karnataka and Maharashtra by exerting pressure on the railway minister. He was speaking after accepting an honour from the citizens of Nippani town for his contribution to the education, health, and agriculture sectors over the past 40 years. VSM's Somashekhar Kothiwale Institute of Technology organised the progra..

Next Story
Infrastructure Transport

Rs 147 Bn allotted to Madhya Pradesh rail development

A sum of Rs 147 billion has been allocated to Madhya Pradesh for development of railways, Union Minister Ashwini Vaishnaw said .The railway minister virtually flagged off a train service from Jaura to Kailaras in Morena district after the route was converted from narrow gauge to broad gauge. Union Communications Minister and MP speaker Narendra Tomar too showed green flags when the train departed from Jaura station. Rs 147 billion have been allocated for the development of railways in MP. Right now, five Vande Bharat trains are running in Madhya Pradesh. In the last 10 years, 222 kilometres ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000