NCC Bags ₹788 Cr Water Orders; Stock at ₹204.39 💧

Big news from the infrastructure sector! NCC Limited (Symbol: NCC) has just announced a significant win, bagging two new orders worth a whopping ₹788.34 Crore (excluding GST) for its Water Division. This is a substantial boost for the company’s project pipeline. 🏗️

These aren’t just any orders; they come directly from State Government agencies, highlighting the company’s strong relationship and trust with public sector clients. It’s a clear sign of steady business in a crucial infrastructure segment, particularly in water management, which is vital for national development.

The company clarified that these orders were received in the normal course of business. Importantly, there’s no involvement from promoters or related parties, ensuring transparency and good governance. Plus, they don’t include any internal orders, meaning these are fresh, external contracts contributing to NCC’s robust order book.

For a major infrastructure player like NCC, securing such substantial projects in its Water Division is a testament to its expertise and capacity. Water infrastructure is a critical area, and these projects will undoubtedly contribute to the company’s continued growth and financial health.

As of the last market close, NCC’s stock was trading at ₹204.39, experiencing a slight dip of 1.7%. While the market’s immediate reaction to such announcements can vary, these new orders certainly add to the company’s long-term growth narrative and underscore its operational strength. 📈

It’s always exciting to see companies like NCC contributing to India’s infrastructure development. These new projects will not only boost NCC’s financials but also play a part in improving essential services across the country. Keep an eye on this space! 👀

source: Corporate Announcement

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