NCC spurts on bagging new orders in December

Image
Capital Market
Last Updated : Jan 02 2023 | 11:04 AM IST

NCC jumped 6% to Rs 89.15 after the company announced that it has received five new orders aggregating to Rs 3,601 crore in the month of December 2022.

Out of the five orders, two orders of Rs 1,871 crore relating to water division, two orders valuing Rs 993 crore pertaining to electrical division and one order of Rs 738 crore relating to irrigation division.

These orders are received from the State Government Agencies and does not include any internal orders, said the company.

NCC is a Hyderabad-based construction company, it is engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways. Apart from executing projects across India, the company has a presence in the Middle East through its subsidiaries in Muscat and Dubai.

The company's consolidated net profit rose 15% to Rs 131 crore on a 30.68% increase in sales to Rs 3,373.43 crore in Q2 FY23 over Q2 FY22.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Great minds don’t just skim the surface, they uncover the full story.

Already subscribed? Log in

Subscribe to read the full story →

Smart Quarterly

₹900

3 Months

₹300/Months/month

SAVE 25%

Smart Essential

₹2700

1 Year

₹225/Months/month

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Unlimited access to all articles

  • 30+ premium stories daily, handpicked by our editor

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio

  • Wirecutter & The Athletic

Complimentary Access to Our e-Paper

  • Digital replica of our daily newspaper

  • Read, save, share any article

Curated Newsletters on Diverse Topics

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Smart Investment Tips

  • In-depth stock analysis & insights

  • The Smart Investor for wealth growth tips

Access to Extensive Historical Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading Experience

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Repository of articles and publications dating back to 1997

Save 25%

More From This Section

Gold price in Delhi today is ₹ 84,470, Click Here for other cities. Silver price in Delhi today is ₹ 84,470, Click Here for other cities.

First Published: Jan 02 2023 | 10:50 AM IST

Subscribe to read without limits
Subscribe Now
Next Story