Introduction:
Leading infrastructure firm has secured the EPC execution contract for the Daudhan Dam under the Ken-Betwa Link Project. This critical initiative aims to address water scarcity while enhancing irrigation and drinking water infrastructure across the region.
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Share price movement of NCC:
On November 29, 2024, NCC Limited opened at ₹310.60, up 2.52% from its previous close of ₹302.95. The stock reached a high of ₹318.00 (4.93%) and a low of ₹308.00. By 10:12 AM, it was trading at ₹311.00, a 2.66% increase, with a market cap of ₹19,526.03 crore.
NCC Secures Daudhan Dam Contract:
NCC Limited has been awarded the EPC execution contract for the Daudhan Dam under the prestigious Ken-Betwa Link Project. The company received the Letter of Acceptance (LoA) from the Ken-Betwa Link Project Authority on November 28, 2024.
The project, a vital component of India’s interlinking of rivers initiative, addresses water scarcity issues while enhancing irrigation and drinking water infrastructure. This highlights NCC Limited’s expertise in handling large-scale infrastructure assignments of national significance.
As per SEBI’s disclosure regulations, NCC Limited has detailed the project specifics in Annexure A. This accomplishment solidifies the company’s standing as a leader in the infrastructure sector, advancing sustainable water management solutions.
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Recent news on NCC:
As of November 7, 2024, NCC Ltd posted a net profit of ₹174.8 crore for the September quarter, nearly doubling from ₹86.2 crore last year. Revenue grew 10% to ₹5,196 crore, while EBITDA surged 45.8% to ₹443 crore, reflecting robust performance.
Ace investor holding in NCC:
Rekha Jhunjhunwala
Rekha Jhunjhunwala holds a 10.63% stake in NCC Limited, owning 66,733,266 shares valued at ₹2,432.2 crore. Her significant investment underscores confidence in the company’s growth potential within the infrastructure sector.
Stock performance of NCC for Period of 1 week, 6 months and 1 year:
NCC Limited has showcased robust performance, delivering a 6.89% return over the past week, 5.72% over six months, and an impressive 82.1% return over one year, reflecting strong growth and investor confidence in the company.
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Shareholding pattern of NCC:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 22.00% | 22.00% | 22.00% |
| FII | 20.90% | 23.70% | 27.30% |
| DII | 12.30% | 11.40% | 10.60% |
| Public | 44.80% | 43.00% | 40.00% |
About NCC:
NCC Limited (NSE: NCC) is a leading infrastructure company in India, specializing in construction, water management, and power projects. With a strong market presence, it consistently delivers innovative solutions and high-value projects nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
