Big order buzz for NCC. It has bagged two work orders worth Rs 10,804 crore from Bharat Sanchar Nigam (BSNL). The orders are to design, supply, construct, install, upgrade, operate, and maintain of middle mile network of BharatNet, in Uttarakhand Telecom Circle and Madhya Pradesh, DNH & DD Telecom Circles. The reason why this is a big deal for NCC is because the company’s total market capitalisation is Rs 12,000 crore, just Rs 2000 crore more than the total value of the orders.
“We are pleased to inform that, the Company has received 2 (Two) Advance Work Orders dated 25th March 2025 from Bharat Sanchar Nigam Limited (BSNL) for the Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of middle mile network of BharatNet, in Uttarakhand Telecom Circle (against Package No.- 05) and Madhya Pradesh, DNH & DD Telecom Circles (against Package No.- 01),” said NCC in an exchange filing.
Three days back, the company received one more major order worth Rs 1,480.34 crore. “We are pleased to inform that, today the Company has received a Letter of Acceptance dated 21st March 2025 from Bihar Medical Services & Infrastructure Corporation Limited for the re-development of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga,” read an exchange filing.
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The company reported a fall of 12.5% year-on-year in consolidated net profit to Rs 193 crore of Q3 FY25, which was majorly impacted by a slow execution of orders. The company announced a net profit of Rs Rs 221 crore in the same period a year ago. Its revenue from operations rose 1.61% to Rs 5,345 crore, compared to a 36.6% growth in the same quarter a year ago.
NCC Vs Nifty 50
The share price of NCC has given a return of 6% in the past five trading days. It has raised investors’ wealth by 15% in the last one month. However, it has fallen 33% in the last six months and 16% in the previous one year.
To compare, the benchmark index, Nifty 50 has risen 3.6% in the past five sessions. The index has increased by 5% in the past one month. However, the index has fallen 10% in the past six months.
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