NCL Industries Ltd consortium receives LoA for bids aggregating to Rs. 1863.19 crores

The consortium of NCL Industries Ltd. and NCL Buildtek Limited has received Letters of Acceptance (LoA) of bids aggregating to Rs. 1863.19 crores for supply of Prepainted (GI) Steel Window Frame with Glazed Shutters and GI Powder Coated Door Frames to Andhra Pradesh State Housing Corporation Ltd (APSHC) for implementation of 'Navaratnalu-Pedalandariki Illu Scheme' of the Government of Andhra Pradesh.

A formal contractual agreement is to be executed upon fulfilment of conditions in terms of the LoA.

NCL Industries Ltd has a 50% share in the Consortium, in which NCL Buildtek Ltd is the Consortium Leader.

Shares of NCL INDUSTRIES LTD. was last trading in BSE at Rs. 257.65 as compared to the previous close of Rs. 259. The total number of shares traded during the day was 18294 in over 912 trades.

The stock hit an intraday high of Rs. 265.8 and intraday low of 254.5. The net turnover during the day was Rs. 4741038.

Source : Equity Bulls

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