Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, read with Schedule III thereof, we wish to inform you that the Company has received ....
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Awaiting price reaction for this filing.
NACDAC Infrastructure has received a Substantial Completion Certificate from Uttarakhand Peyjal Sansadhan Vikas Evam Nirman Nigam (Construction Unit, Haldwani) for the 'Construction of Bus Terminal and Workshop Building for UTC at Ramnagar, District Nainital, Uttarakhand.' The project had a contract value of around ₹20.97 crore (excluding GST), split into civil works of about ₹18.30 crore and electrical works of about ₹2.67 crore. Work began on 2 March 2023 and is now 99.81% complete, with roughly ₹20.93 crore of work billed so far. The client also granted an extension of time for the project. The company stated this is a routine completion in the normal course of business and does not change its business model or financial position.
Positive operational update confirming the company's ability to deliver public infrastructure projects, but the company itself has flagged this as routine. No material impact on stock price is expected from this announcement alone.