NCC Limited: Bagging a ₹6,300 Crore Order and Doubling Investor’s Money in a Year

In a significant development, NCC Limited, a company in the construction sector, has secured a massive ₹6,300 crore order from the BMC (Brihanmumbai Municipal Corporation). This news has created a buzz in the stock market. Despite the share price currently being less than ₹200, this construction company is making waves with a market capitalization of ₹9,430 crore.

Details of the Order:

According to information provided by the company to the stock market, NCC Limited has received a substantial order of ₹6,300 crores in collaboration with J. Kumar Infraprojects. The BMC has awarded this contract to both companies as a joint venture. The order pertains to the construction of twin tunnels, which will stretch from Film City, Goregaon, to Kihimdeepada.

In this joint venture, BMC will hold a 51% stake, while J. Kumar Infraprojects will own 49%. The project is expected to be completed within approximately five years, with an additional ten-year maintenance period. NCC Limited is optimistic about achieving a 20% growth in revenue this year. Currently, the company has orders worth ₹60,000 crores on hand.

Share Performance:

Over the past six months, NCC Limited’s shares have witnessed a remarkable surge of over 67%. In the last year alone, investors in the company’s shares have enjoyed returns of more than 121%. Year-to-date, the stock is up by an impressive 63%. The 52-week high for this stock stands at ₹176.60, while the 52-week low is ₹66.30.

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