Latest news with #MumbaiMetroRailProject
Business Standard
3 days ago
- Business
- Business Standard
NCC gains on securing Rs 2,269-cr order from MMRDA
NCC added 1.42% to Rs 224.90 after the company announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project. The contract for Package 1-CA-232 of the Mumbai Metro Rail Project's Line 6 (Swami Samarth Nagar to VikhroliEEH) encompasses the entire lifecycle of essential systems. This includes the design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signaling & train control, telecommunication systems, platform screen doors, and depot machinery & plant. The execution timeline includes a 24-month construction period, followed by a 2-year Defect Liability Maintenance Period (DLMP), and an additional 5 years of comprehensive maintenance post-DLMP. The firm clarified that the transaction is not a related party transaction, and no promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. NCC reported a consolidated net profit of Rs 253.82 crore in Q4 FY25, up 6.12% as against Rs 239.16 crore posted in Q4 FY24. However, revenue from operations tumbled 5.45% to Rs 6,130.88 crore in Q4 FY25 as against Rs 6,484.88 crore posted in Q4 FY24.
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Business Standard
3 days ago
- Business
- Business Standard
₹2,269-cr order pushes NCC share price 3% higher today; key details inside
NCC share price: NCC share price was buzzing in trade on Monday, July 14, 2025, with the scrip rising up to 2.70 per cent to an intraday high of ₹227.75 per share. At 10:50 AM, NCC share price was trading 1 per cent higher at ₹223.90 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 82,257.28 levels. What drove NCC share price higher today? NCC share price moved northwards after securing an order worth approximately ₹2,269 crore from Mumbai Metropolitan Region Development Authority (MMRDA) In an exchange filing, NCC said, 'We are pleased to inform you that the Company has received a Letter of Acceptance dated July 11, 2025 from Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Line 6 – Package 1-CA-232.' Under the terms of the order, NCC will be responsible for the design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signaling & train control, telecommunication systems, platform screen doors and depot machinery & plant for line 6 [Swami Samarth Nagar to Vikhroli - (EEH)] of the Mumbai Metro Rail Project. The construction is expected to be completed within 24 months. This will be followed by a 2-year Defect Liability Maintenance Period (DLMP), and subsequently, a 5-year comprehensive maintenance phase, NCC revealed, in a statement. Track Stock Market LIVE Updates About NCC NCC Limited (formerly Nagarjuna Construction Company Limited), founded in 1978, is among India's leading infrastructure and construction companies with a diversified portfolio spanning buildings, transportation, water and environment, electrical works, irrigation, mining, and railways. Over the decades, the company has built a strong reputation for executing large-scale infrastructure projects across sectors and geographies, playing a crucial role in India's development story. Beyond traditional construction, NCC has also ventured into real estate through its subsidiary NCC Urban Infrastructure Ltd and is actively expanding into the energy and smart metering sectors. The company has a growing international footprint, with operations in the Middle East through subsidiaries in Muscat and Dubai. The market capitalisation of NCC is ₹14,092.02 crore, according to BSE. The company falls under the BSE 500 index category. The 52-week high of NCC share is ₹364.50 while its 52-week low is ₹169.95 per share.
Business Standard
4 days ago
- Business
- Business Standard
NCC secures Rs 2,269-cr order from MMRDA for Mumbai Metro Line 6 project
NCC announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project. The contract for Package 1-CA-232 of the Mumbai Metro Rail Project's Line 6 (Swami Samarth Nagar to Vikhroli EEH) encompasses the entire lifecycle of essential systems. This includes the design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signaling & train control, telecommunication systems, platform screen doors, and depot machinery & plant. The execution timeline includes a 24-month construction period, followed by a 2-year Defect Liability Maintenance Period (DLMP), and an additional 5 years of comprehensive maintenance post-DLMP. NCC clarified that the transaction is not a related party transaction, and no promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. NCC reported a consolidated net profit of Rs 253.82 crore in Q4 FY25, up 6.12% as against Rs 239.16 crore posted in Q4 FY24. However, revenue from operations tumbled 5.45% to Rs 6,130.88 crore in Q4 FY25 as against Rs 6,484.88 crore posted in Q4 FY24. The scrip shed 0.78% to settle at Rs 221.75 on Friday, 12 July 2025.
Indian Express
5 days ago
- Business
- Indian Express
Order win: Over 500% returns in 5 years! Construction company secures LoA for Mumbai Metro project
NCC Share Price: Shares of NCC Limited closed in red on Friday (July 11). The construction stock settled at Rs 220.85 apiece, down 1.19 per cent. According to the NSE, the total market cap of NCC Limited is Rs 13865.99 crore. The stock registered a 52-week-high of Rs 364.50 on July 31, 2024. It recorded 52-week-low of Rs 170.05 on March 3, 2025. In a regulatory filing on July 11, NCC Limited said that it has received a Letter of Acceptance (LoA) from MMRDA for Mumbai Metro Line 6 – Package 1-CA-232. The contract value is Rs 2269 crore approx (excluding GST). NCC Limited will be responsible for 'Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning of Rolling Stock, Communication-Based Signaling & Train Control, Telecommunication Systems, Platform Screen Doors and Depot Machinery & Plant for Line 6 [Swami Samarth Nagar to Vikhroli – (EEH)] of the Mumbai Metro Rail Project,' it said in an exchange filing. NCC Limited is a component of BSE 500. According to the BSE analytics (as of July 12), shares of NCC Limited gave negative returns of 1.42 per cent and 3.48 per cent in the last 1 week and 2 weeks, respectively. Shares of the company also fell in the last 1 year by 33.33 per cent. However, in the past 2 years, 3 years, 5 years and 10 years, shares of the civil construction company gained 74.13 per cent, 279.06 per cent, 561.94 per cent, and 177.53 per cent, respectively. In 2023 and 2024, NCC Ltd paid dividends of Rs 2.20 each. In 2022, the company paid a dividend of Rs 2. In 2020 and 2021, the company announced dividends of Re 0.20 and 0.80, respectively. NCC Limited never issued bonuses for the equity shareholders.
