NCC Limited, a prominent player in the infrastructure sector, witnessed a significant 6% rise in its share price on Thursday, March 20, 2025. The surge came after the company announced that it had received a Letter of Acceptance (LoA) for a major infrastructure development contract worth Rs 2,129.60 crore from the Andhra Pradesh Capital Region Development Authority (APCRDA).
The contract involves comprehensive infrastructure work in Zone-12 villages of Amaravati Capital City, Andhra Pradesh. NCC will undertake the construction of roads, drains, water supply systems, sewage networks, utility ducts for power and ICT, reuse water lines, and avenue plantations. The project is classified as a “Major Order” under the company’s policy, which categorizes contracts valued at Rs 1,000 crore and above as significant.
The execution of the project is planned over five years, with three years dedicated to construction and two years allocated for the defect liability period. This development marks a milestone for NCC, further solidifying its position in the infrastructure sector.
The company’s shares reached an intraday high of Rs 208.20 on the BSE, reflecting investor confidence in its ability to deliver on large-scale projects. NCC’s market capitalization now stands at Rs 13,065 crore, showcasing its robust presence in the industry.
Stay tuned for more updates on NCC’s progress and market performance.
