NCC receive new orders worth Rs 530 crore

Nagarjuna Construction Company (NCC) Limited announced that the company has received three new orders totaling to Rs 530 crore, which is exclusive of GST in the month of January 2020.

All the orders that are received pertain to the building division and are received either from the central government or the state government agencies but do not contain any internal orders.

Previously, NCC Ltd had reported of receiving one new order from a state government, amounting to Rs 243 crore in the month of November 2019, pertaining to roads division.

The company has scheduled its meeting of the board of directors on February 7, 2020, to consider approving the unaudited financial results (standalone and consolidated) for the third quarter and nine-month period ended on December 31, 2019.

NCC Limited is engaged in the construction and project activities in the infrastructure sector involving the construction of industrial and commercial buildings, roads, bridges, flyovers, water supply, environment projects, housing, power transmission lines, irrigation, hydrothermal power projects and real estate development.

On Monday, the stock of the company was trading at Rs 50.20, down by 1.57 per cent or Rs 0.80 per share. The 52-week high is Rs 119.15 and 52-week low is Rs 46.20 on BSE.