Market News
2 min read | Updated on November 29, 2024, 09:25 IST
SUMMARY
NCC received a letter of acceptance (LoA) dated November 28, 2024, from the Ken-Betwa Link Project Authority regarding the selection of the company as the successful bidder for the EPC execution of Daudhan Dam under the Ken-Betwa Link Project.
Stock list
The total price for the contract shall be ₹3,389.49 crore (excluding GST).
The LoA is regarding the selection of the company as the successful bidder for the EPC execution of Daudhan Dam under the Ken-Betwa Link Project.
The total price for the contract shall be ₹3,389.49 crore (excluding GST).
The infrastructure firm reported its profit more than doubled in the second quarter, helped by higher order inflows. Consolidated net profit rose to ₹163 crore ($19.3 million) for the quarter ended September 30 from ₹77.34 crore a year ago.
Revenue from operations rose 10.1% to ₹5196 crore. While total expenses rose 7.6% to ₹4974 crore, the cost of materials consumed, which forms more than a third of expenses, fell 1.2%.
"These orders do not include any internal orders as they are received from the state and central government agencies and private limited companies, an official NCC Ltd," the company said in its press release.
About The Author
Next Story