NCC share price: Stock gains 5% on ₹2,129.60 crore Amaravati infrastructure contract win

The shares of Hyderabad-based NCC Limited gained 5% on Thursday, March 20, on receiving an infrastructure development contract worth ₹2,129.60 crore (excluding GST) from the Andhra Pradesh Capital Region Development Authority (APCRDA). The contract, awarded through a Letter of Acceptance dated March 19, 2025, involves the construction of roads, drains, water supply systems, sewage networks, utility ducts for power and ICT, reuse water lines, and avenue plantation in Zone-12 villages of Amaravati Capital City.The project, classified as a “Major Order”, will be executed over a total period of five years—three years for construction and two years for the defect liability period (DLP). The contract has been awarded on a lumpsum percentage tender basis.

In February, the infrastructure company bagged an order worth ₹218.82 crore for a transportation project awarded by a state government. The contract is scheduled to be executed over 36 months.

Also Watch | Neerad Sharma, Head of Strategy at NCCdiscussed the new order win from the Andhra Pradesh Capital Region Development Authority and the company’s business outlook in an interview with CNBC-TV18.NCC reported a 12.5% year-on-year (YoY) decline in net profit at ₹193.2 crore for the third quarter that ended December 31, 2024. The company’s revenue from operations increased 1.6% to ₹5,344.5 crore against ₹5,260 crore in the corresponding period of the preceding fiscal year. At the operating level, EBITDA fell 16.6% to ₹420.9 crore in the third quarter of this fiscal year from ₹504.4 crore in Q3FY24.

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