NCC Ltd receives 4 new orders aggregating Rs. 8398 crores

NCC Limited has received 4 new orders aggregating Rs.8398 Crores (excluding GST) in the monih of August 2023 relating to Electrical Division. These Orders comprise of:

- The first two Orders, one for Rs.2822 Crores and another one for Rs.2933 Crores received from the Maharashtra State Electricity Distibution Co Ltd., (MSEDCL) relating to the Advanced Metering Infrastructure (AMI) Project, to be executed on Design, Build, Finance, Own, Operate, Transfer (DBFOOT) basis under RDSS Scheme. The duration of these orders is 9 years 3 months including 7 years Operation & Maintenance period and these 2 projects are required to be executed through "Special Purpose Vehlcles".

2. The third Order for Rs.2324 Crores received from North Bihar Power Distribuiion Co Ltd., is for Advanced Metering Infrastructure Project (AMI) on Design, Build, Finance. Own, Operate, Transfer (DBFOOT) basis. This Order with a duration of 9 years 3 months is required to be executed by NCC itself.

3. The Fourth Order for Rs.319 Crores received from Bangalore Electricity Supply Co Ltd., for upgradation of Distribution Automation System (DAS) with a duration of 18 months.

As such the orders totaling to Rs.5755 Crores will form part of the Subsidiary Companies (SPVs) order book and balonce Rs.2643 Crores remains in NCC standalone order book.

Shares of NCC Limited was last trading in BSE at Rs. 169.70 as compared to the previous close of Rs. 153.90. The total number of shares traded during the day was 1838386 in over 17630 trades.

The stock hit an intraday high of Rs. 173.00 and intraday low of 154.50. The net turnover during the day was Rs. 302388628.00.

Source : Equity Bulls

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