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NCC jumps 4% after receiving work order worth ₹1,480 Cr

NCC secured a ₹1,480.34 Crore order from Bihar Medical Services for redeveloping Darbhanga Medical College & Hospital, strengthening its healthcare infrastructure presence nationwide.
NCC won ₹1,480.34 Crore order for Darbhanga Medical College redevelopment project.

Introduction:

NCC secured a significant ₹1,480.34 Crore order from Bihar Medical Services & Infrastructure Corporation for redeveloping Darbhanga Medical College & Hospital, enhancing its healthcare infrastructure portfolio and reinforcing its strong presence in large-scale construction projects across the country.

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Share Price movement of NCC:

On March 24, 2025, NCC Limited opened at ₹210.80, reaching a high of ₹214.00, up 4% from its previous close of ₹206.03, with a low of ₹208.50. The stock is currently trading at ₹208.65, with a market cap of ₹13,100.02 Crores.

NCC received order:

NCC Limited received a major ₹1,480.34 Crore order from Bihar Medical Services & Infrastructure Corporation Limited for the redevelopment of Darbhanga Medical College & Hospital, Darbhanga. The scope includes constructing the medical college, hospital buildings, and other infrastructure within the existing campus.

The domestic contract involves redevelopment of multiple facilities at DMCH, Darbhanga, with a construction timeline of 42 months and a defect liability period (DLP) of 36 months. This significant order strengthens NCC Limited’s presence in healthcare infrastructure projects, reflecting its capability in large-scale construction works.

NCC clarified that no promoter or group company has any interest in the awarding entity, and the contract is not categorized as a related party transaction. The project qualifies as a major order, as per NCC’s policy, boosting its order book and reinforcing its leadership in infrastructure development.

Recent news About NCC:

On March 20, 2025, NCC Limited secured a major ₹2,129.60 crore order from Andhra Pradesh Capital Region Development Authority for developing roads, drains, water supply, sewage, utility ducts, and plantation in Amaravati Capital City’s Zone-12 villages, boosting its urban infrastructure portfolio.

Also read: Finance service stock jumps 20% after it sets record date for ₹9 dividend

Ace investor holding of NCC:

Rekha Jhunjhunwala holds a significant 12.48% stake in NCC Ltd., owning 78,333,266 shares. Her holding value stands at ₹1,609.4 Crores, reflecting strong confidence in the company’s growth potential within the infrastructure and construction sector.

Stock performance of NCC for Period of 1 week, 6 months and 1 year:

NCC’s stock gained 11.8% over the past week, reflecting short-term positive momentum. However, it recorded a sharp decline of 33.2% over six months. Over the one-year period, the stock delivered a negative return of 13%, indicating weak overall performance.

Also read: Penny stock hits 5% upper circuit after receiving order for 50,000 QTL of rice from Madhuram Industries

Shareholding pattern of NCC:

All values in %Dec 2024Sept 2024Jun 2024
Promoters22.0222.0022.00
FII18.1320.8623.65
DII14.1712.3411.40
Retail & others45.6844.7842.96

About NCC:

NCC Limited (NSE: NCC) is a leading construction and infrastructure company in India, engaged in projects across roads, buildings, water, irrigation, power, and railways. It undertakes large-scale government and private sector projects, contributing significantly to the country’s infrastructure development.

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.

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