- 20 Mar 2025
- ICICIdirect Research
NCC HAS RECEIVED THE LETTER OF ACCEPTANCE (LOA) FROM ANDHRA PRADESH CAPITAL REGION DEVELOPMENT AUTHORITY FOR CONSTRUCTION OF ROADS
NCC - 206 Change: 4.55 (2.26 %)News: NCC has received the Letter of Acceptance (LoA) 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 on lumpsum contract basis at Zone-12 villages area in Amaravati Capital City, Andhra Pradesh. The total price of the contract is ₹2129.60 crore. The construction period for the same is 3 years.
View: NCC's order book as of Q3 FY25, stood at ₹51834 crore, 2.7x TTM book to bill. It has achieved order inflows worth over ₹13500 crore (₹8440 crore in Q3) as of 9M FY25, With L-1 position worth ₹9000-10000 crore in pipeline, the management is confident to achieve its order inflow guidance of ₹20000-22000 crore in FY25.
Impact: Positive