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  1. NCC bags ₹10,805 crore orders from BSNL for middle-mile network of BharatNet in Uttarakhand, Madhya Pradesh

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NCC bags ₹10,805 crore orders from BSNL for middle-mile network of BharatNet in Uttarakhand, Madhya Pradesh

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2 min read | Updated on March 25, 2025, 13:42 IST

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SUMMARY

Nagarjuna Construction Company Limited (NCC), in a regulatory filing on Tuesday, said that it has bagged orders worth ₹10,805 crore from Bharat Sanchar Nigam Limited (BSNL) for design, supply, construction, installation, upgradation, operation and maintenance of the middle-mile network of BharatNet in Uttarakhand and Madhya Pradesh.

The orders will be executed in three years and maintenance will be for 10 years.

The orders will be executed in three years and maintenance will be for 10 years.

Hyderabad-based Nagarjuna Construction Company Limited (NCC) on Tuesday announced that it has bagged two advance work orders worth ₹10,805 crore from Bharat Sanchar Nigam Limited (BSNL) for the middle-mile network of BharatNet in Uttarakhand and Madhya Pradesh.

The orders are for the Uttarakhand Telecom Circle worth ₹2,647.1 crore and for Madhya Pradesh DNH & DD Telecom Circles worth ₹8,157.4 crore, the construction and infrastructure company said in a regulatory filing dated March 25. The orders are for design, supply, construction, installation, upgradation, operation and maintenance of the middle-mile network, it added.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, the Company has received 2 (two) Advance Work Orders dated March 25, 2025 from Bharat Sanchar Nigam Limited (BSNL) for design, supply, construction, installation, upgradation, operation and maintenance of middle-mile network of BharatNet, in Uttarakhand Telecom Circle and Madhya Pradesh, DNH & DD Telecom Circles,” NCC said in the filing.

For the Uttarakhand Telecom Circle order, Capital Expenditure (Capex) is ₹1543.35 crore, and Operating Expenditure (Opex) is ₹1103.77. Similarly for Madhya Pradesh, DNH & DD Telecom Circles, Capex is ₹4189.05, while Opex is ₹3968.39 crore.

The orders will be executed in three years and maintenance will be for 10 years, the filing stated. On March 20, NCC secured a ₹2,129.6 crore order from the Andhra Pradesh Capital Region Development Authority (AP CRDA) for construction activities regarding the Amaravati Capital City Project.

The company announced the order post-market hours. NCC shares settled 1.95% down at ₹205.10 apiece on the NSE on Tuesday, March 25. The company’s market capitalisation stood at ₹12,877.13 crore. The company’s scrip touched its 52-week high of ₹364.50 per share in July 2024, while it hit its 52-week low of ₹170.05 apiece on March 3, 2025.

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