Shares of NCC Ltd surged 3% on 24 March after the company announced securing a letter of acceptance (LoA) from Bihar Medical Services and Infrastructure Corporation Limited to the company for the redevelopment of Darbhanga Medical College & Hospital in Laheriasarai.
In its regulatory filing, the company said, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, today the Company has received Letter of Acceptance dated 21 March 2025 from Bihar Medical Services & Infrastructure Corporation Limited for Redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga.”
The project must be completed within 42 months and has a total value of Rs 1480.34 crore.
The company was recently given a Rs 2,129.6 crore contract by the Andhra Pradesh Capital Region Development Authority.
In an exchange filing, the company said, “We are pleased to inform that, the Company has received Letter of Acceptance dated 19 March, 2025, from Andhra Pradesh Capital Region Development Authority for construction of roads, drains, water supply, sewage, utility ducts for power and ICT, reuse waterline and avenue plantation etc. at Zone-12 villages area in Amaravati Capital City, Andhra Pradesh.”
NCC will construct roads, drains, water supply, sewage, power and ICT utility ducts, reusing water lines, and avenue plantations in accordance with the order’s terms using a lump sum contract (percentage tender).
NCC Ltd. is an Indian company that develops buildings and infrastructure. In a range of industries, including commercial, residential, industrial, and transportation infrastructure, it is well known for completing large-scale projects. The company builds power plants, water supply systems, roads, highways, bridges, and urban and rural development projects.
By putting quality, safety, and sustainability first, NCC Ltd. has built a strong reputation for finishing difficult projects on time and within budget. Its diverse portfolio includes both governmental and private sector clients, and it operates both domestically and internationally in India.
At 1:32 pm, the shares of NCC were trading 1.16% higher at Rs 208.43 on NSE.
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