Monday 4 July 2011

NCC bags fresh orders of Rs 815 cr

Construction firm NCC on Monday said it has secured fresh orders worth Rs 815 crore to be executed over a period of upto 36 months.

In a communique to the Bombay Stock Exchange (BSE), the Hyderabad-based firm said it has bagged a Rs 215 crore order from Rail Vikas Nigam, Bhubneswar.

The project would be completed over 36 months, NCC said but did not divulge other details.

The company has also received an order worth Rs 159 crore from the City and Industrial Development Corporation of Maharshtra for construction of an elevated road. The project would be completed over 24 months, it said but did not mention when it bagged the order.

NCC has also got a Rs 119 work from Bangalore Development Authority for construction of flyover and underpass roads. The work would be completed in 15 months.

"Some more orders have been received from various clients totaling to Rs 322 crore," it said.

The company had earlier said that its orderbook, as on April 1, stood at Rs 16,180 crore. During April and May, it secured Rs 716 crore fresh orders.

NCC hopes its consolidated turnover to go up by 15 per cent this fiscal to Rs 7,200 crore over the last fiscal.

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