NCC Ltd

The orders entail the design, supply, construction, installation, upgradation, operation, and maintenance of the network. The first order is worth Rs 2,647.1 crore for the Uttarakhand Telecom Circle, while the second order is worth Rs 8,157.4 crore in the Madhya Pradesh, DNH, and DD Telecom Circles, it added. The orders will be executed in 3 years, and maintenance will be for 10 years, it said. According to NCC's policy on the determination of materiality of events and information, contracts exceeding Rs 1,000 crore are classified as major orders. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. The company's consolidated net profit declined 12.45% to Rs 193.18 crore in Q3 FY25, compared with Rs 220.65 crore recorded in Q3 FY24. Revenue from operations increased 1.61% to Rs 5,344.52 crore in the third quarter of FY25 as against Rs 5,260.08 crore posted in Q3 FY24. Powered by Capital Market - Live

The key domestic indices traded with limited gains in early trade. The Nifty traded above 23,700 level. All the sectoral indices on the NSE were traded in green with realty, metal and PSU Bank shares leading the rally. At 09:25 IST, the barometer index, the S&P BSE Sensex, added 141.23 points or 0.17% to 78,152.06. The Nifty 50 index advanced 50.35 points or 0.21% to 23,719. In the broader market, the S&P BSE Mid-Cap index rose 0.38% and the S&P BSE Small-Cap index shed 0.03%. The market breadth was strong. On the BSE, 1,737 shares rose and 1,086 shares fell. A total of 136 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 5,371.57 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 2,768.87 crore in the Indian equity market on 25 March 2025, provisional data showed. Stocks in Spotlight: NCC rallied 4.62% after the company received two advance work orders worth Rs 10,804.6 crore from Bharat Sanchar Nigam for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet in Uttarakhand Telecom Circle and Madhya Pradesh, DNH, and DD telecom circles. Welspun Enterprises rose 1.30% after the company's subsidiary, Welspun Michigan Engineers, in joint venture with Aaradhyaa & Co, has secured a new order worth Rs 328.12 crore from Brihanmumbai Municipal Corporation (BMC) for the upgradation of the Haji Ali Storm Water Pumping Station in Mumbai, Maharashtra, followed by 15 years of operations and maintenance. Minda Corporation declined 1.69%. The company's board will meet on 28 March 2025 to consider raising funds by way of issue of one or more instruments or securities. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.67% to 6.744 as compared with the previous close of 6.740. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.7650, compared with its close of 85.7250 during the previous trading session. MCX Gold futures for the 4 April 2025 settlement shed 0.05% to Rs 87,521. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.08% to 104.29. The United States 10-year bond yield advanced 0.63% to 4.335. In the commodities market, Brent crude for May 2025 settlement advanced 19 cents or 0.26% to $73.21 a barrel. Global Markets: Most Asian stocks advanced on Wednesday as concerns eased over the impact of U.S. President Donald Trump's planned trade tariffs. Japanese shares pared early gains after Bank of Japan Governor Kazuo Ueda warned of further interest rate hikes. Meanwhile, Japan's corporate services price index'a key measure of producer inflation'came in slightly cooler than expected for February but remained sticky at 3%, data showed on Wednesday. On Wall Street, U.S. indices advanced on Tuesday, driven primarily by gains in heavyweight technology stocks. The S&P 500 edged up 0.2% to 5,776.62, while the NASDAQ Composite gained 0.5% to 18,271.86. The Dow Jones Industrial Average inched higher to 42,587.50, marking a third consecutive day of gains for all three indexes. Tesla Inc climbed over 3% despite data showing a second straight month of declining European sales. Meanwhile, GameStop Corp surged 8% in after-hours trading following its management's approval of a plan to invest excess cash in Bitcoin. The Conference Board's consumer confidence index fell to a reading of 92.9 down from an upward revised 100.1 in the prior month amid ongoing concerns about a tariff-induced slowdown. Trump's proposed tariffs remained in focus ahead of an April 2 announcement on additional trade measures. Reports indicating that the tariffs may be less severe than initially feared helped boost Wall Street sentiment this week. However, the 47th President reiterated his stance on imposing duties on automobile imports and signaled upcoming tariffs on lumber and semiconductors. Next week, he is expected to unveil reciprocal tariffs on around 15 major U.S. trading partners, though the full scope and impact remain uncertain.Powered by Capital Market - Live

Securities in F&O Ban: IndusInd Bank shares are banned from F&O trading on 26 March 2025. Stocks to Watch: NCC received two advance work orders worth Rs 10,804.6 crore from Bharat Sanchar Nigam for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet in Uttarakhand Telecom Circle and Madhya Pradesh, DNH, and DD telecom circles. Welspun Enterprises' subsidiary, Welspun Michigan Engineers, in joint venture with Aaradhyaa & Co, has secured a new order worth Rs 328.12 crore from Brihanmumbai Municipal Corporation (BMC) for the upgradation of the Haji Ali Storm Water Pumping Station in Mumbai, Maharashtra, followed by 15 years of operations and maintenance. Minda Corporation's board will meet on 28 March 2025 to consider raising funds by way of issue of one or more instruments or securities. Oil & Natural Gas Corporation (ONGC) will make an investment of Rs 3,300 crore in subsidiary ONGC Green via rights issue. The subsidiary will utilize the proceeds for the acquisition of a 100% equity stake in Ayana Renewable Power through ONGC NTPC Green (ONGPL). ONGPL is a 50:50 joint venture company of ONGC Green and NTPC Green Energy. The company's subsidiary, ONGC Videsh, will invest up to Rs 1,500 crore in Beas Rovuma Energy Mozambique. Beas Rovuma Energy Mozambique is a subsidiary of ONGC Videsh with 60% shareholding, and the other joint venture partner is Oil India. Indian Renewable Energy Development Agency's (IREDA) board has approved the borrowing program of up to Rs 30,800 crore for FY 2025-26. IREDA has raised Rs 910.37 crore through the issuance of privately placed subordinated Tier-II bonds for a 10-year tenor at an annual coupon rate of 7.74%.Powered by Capital Market - Live

NCC has received two advance work orders dated 25 March 2025 from Bharat Sanchar Nigam (BSNL) for 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). The combined size of these work orders is Rs 10,804.56 crore. Powered by Capital Market - Live

NCC has received Letter of Acceptance dated 21 March 2025 from Bihar Medical Services & Infrastructure Corporation for redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga. The value of the order is Rs 1,480.34 crore. Powered by Capital Market - Live

As per an exchange filing, the LoA was awarded to NCC on 21 March 2025. The project involves the redevelopment of Medical College, Hospital, along with other buildings at the existing campus of Darbhanga Medical College & Hospital (DMCH), Laheriasarai, Darbhanga. The total value of the project is Rs 1,480.34 crore and the construction work is set to be completed within 42 months. Additionally, the defects liability period (DLP) for the project is 36 months. The official announcement was made on Saturday, 22 March 2025. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. The company's consolidated net profit declined 12.45% to Rs 193.18 crore in Q3 FY25, compared with Rs 220.65 crore recorded in Q3 FY24. Revenue from operations increased 1.61% to Rs 5,344.52 crore in the third quarter of FY25 as against Rs 5,260.08 crore posted in Q3 FY24. Powered by Capital Market - Live

The scope of the project includes the construction of roads, drains, water supply, sewage systems, utility ducts for power and ICT, a reuse water line, and avenue plantations. The project will be carried out on a lumpsum contract basis in the Zone-12 villages' area of Amaravati Capital City, Andhra Pradesh. The contract, valued at Rs 2,129.60 crore, is expected to be completed within a 3-year construction period, with a 2-year Defects Liability Period (DLP). NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. The company's consolidated net profit declined 12.45% to Rs 193.18 crore in Q3 FY25, compared with Rs 220.65 crore recorded in Q3 FY24. Revenue from operations increased 1.61% to Rs 5,344.52 crore in the third quarter of FY25 as against Rs 5,260.08 crore posted in Q3 FY24. Powered by Capital Market - Live

The contract, which comes under the company's transportation division, is set to be executed over 36 months. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. The company's consolidated net profit declined 12.45% to Rs 193.18 crore in Q3 FY25, compared with Rs 220.65 crore recorded in Q3 FY24. Revenue from operations increased 1.61% to Rs 5,344.52 crore in the third quarter of FY25 as against Rs 5,260.08 crore posted in Q3 FY24. Shares of NCC declined 2.06% to Rs 171.40 on the BSE.Powered by Capital Market - Live

The Board of Directors of NCC at its meeting held today, i.e., 28 February 2025, has approved for equity investment of Rs. 70 crore in NCC Quantum Technologies, a wholly owned subsidiary of the Company.Powered by Capital Market - Live

NCC Quantum Technologies (Quantum) was established to execute and invest in advanced metering infrastructure service provider (AMISP) projects. As of March 31, 2024, the paid-up share capital of Quantum is Rs 10 lakh. The investment of Rs 70 crore will be used for the execution and investment in AMISP projects. The amount will be invested in 2,80,00,000 equity shares, each with a face value of Rs 10, at a premium of Rs 15 per share. The investment will be made through cash consideration. There will be no change in the percentage of shareholding of the company in Quantum. It will continue to remain a wholly owned subsidiary of the company. There will be no change in the percentage of shareholding of NCC in Quantum, which will remain a wholly owned subsidiary of the company. The acquisition is expected to be completed on or before 31 March 2025. Since Quantum is a wholly owned subsidiary, it is considered a related party of NCC. The transaction is classified as a related party transaction and is conducted at arm's length. Apart from the shares held by NCC, the promoter, promoter group, and group companies have no interest in Quantum. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges and flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. The company's consolidated net profit declined 12.45% to Rs 193.18 crore in Q3 FY25, compared with Rs 220.65 crore recorded in Q3 FY24. Revenue from operations increased 1.61% to Rs 5,344.52 crore in the third quarter of FY25 as against Rs 5,260.08 crore posted in Q3 FY24. The scrip slipped 2.80% to Rs 173.75 on the BSE. Powered by Capital Market - Live