NCC Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Smallcap 250 and 1.7 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NCC Limited has received a Letter of Acceptance from Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Line 6 – Package 1-CA-232. The contract covers design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signaling and train control, telecommunication systems, platform screen doors, and depot machinery. The order is valued at approximately Rs. 2,269 Crore (excluding GST). Construction timeline is 24 months, followed by a 2-year defect liability period and 5 years of comprehensive maintenance. The order is from a domestic government entity and involves no related party interest.
This is a sizeable order win that bolsters NCC's order book and provides multi-year revenue visibility in the urban metro transit segment. The government-backed nature of the project from MMRDA reduces counterparty risk, though timely execution will be key to translating this into earnings.