NCC shares surge 6% as PSU bags two orders from BSNL worth over ₹10,800 crore; all you need to know

In its stock exchange filing, NCC said that it has received two advance work orders on March 25, 2025, from Bharat Sanchar Nigam Limited (BSNL) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle mile network of BharatNet in the Uttarakhand Telecom Circle and Madhya Pradesh, DNH & DD Telecom Circles.

For the Uttarakhand project, the size of the order is ₹2,647.12 crore (excluding GST), while for the project in Madhya Pradesh, the size of the order is ₹8,157.44 crore (excluding GST).

The period by which the orders are due to be executed is three years.

The company added that as per its ‘Policy on Determination of Materiality of Events and Information, ’ orders/contracts valued at ₹1,000 crore and more (excl. GST) are termed major orders.

NCC Q3FY25 Results

NCC reported a 12.5% drop in third-quarter profit, impacted by slow execution of orders.

The company's consolidated net profit fell to ₹193 crore ($22.04 million) in the quarter that ended December 31 from ₹221 crore logged a year ago.

Revenue from operations rose 1.61% to ₹5,345 crore, compared to a 36.6% growth in the same quarter year ago.

NCC stock performance

Shares of NCC Ltd have slipped around 16% in the past 12 months and 33% in the past six months. However, in the past five years, the stock has jumped around 1,086%.