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“NCC Shares Rise 5% After Receiving LoA from Bihar Medical for ₹1,480-Cr Project”

  • By admin
  • March 24, 2025
  • 20 Views
  • 📈 NCC Shares Surge: NCC shares jumped 4.8% in the morning, hitting an intraday high of ₹215.95 per share.
  • 🏗️ Major Project Win: The surge came after NCC received a Letter of Acceptance (LoA) from Bihar Medical Services and Infrastructure Corporation Ltd. for the redevelopment of Darbhanga Medical College & Hospital.
  • 📊 Current Price: At 10:29 AM, the stock was up 2.26%, trading at ₹210.7 per share on BSE, while BSE Sensex was up 0.92% at 77,609.43.
  • 💼 Market Capitalization: NCC’s market capitalization stands at ₹13,228.73 crore.
  • 📆 Project Details:
    • The project is valued at ₹1,480.34 crore and needs to be completed within 42 months.
  • 📈 Recent Order Wins:
    • NCC recently secured a ₹2,129.6 crore order from Andhra Pradesh Capital Region Development Authority for the construction of infrastructure in Amaravati Capital City.
  • 🏗️ About NCC Ltd:
    • NCC Ltd is a leading Indian construction and infrastructure development company, known for executing large-scale projects across sectors like residential, commercial, industrial, and transportation infrastructure.
    • The company focuses on delivering complex projects on time and within budget, with a strong emphasis on quality, safety, and sustainability.

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