Shares of NCC Ltd opened in the green and were 1.6% higher on 4 November after the company announced that it had secured several contracts totalling Rs 3,496 crore during the month of October.

According to the corporation, all of the contracts came from private businesses and federal and state government organisations. These projects include the Water, Electrical, and Building divisions.

With contracts totalling Rs 2,694 crore, the Building Division obtained the highest portion. The Electrical Division had orders totalling Rs 538 crore, and the Water & Other Divisions had projects totalling Rs 274 crore. These contracts have intervals of six months to six years for execution.

According to a statement from NCC, none of the orders are “related party transactions,” and neither the promoters nor the promoter group have any stake in the companies giving the contracts.

The counter has increased by 103% during the last 12 months, doubling the capital of investors. The Nifty increased by 23% during this time.

However, at 1:52 pm, the shares of NCC shed all their early gains and were trading 0.56% lower at Rs 310.85 on NSE.

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