NCC Bags Orders Worth Rs 1,085 Crore In March

Developer and contractor NCC Ltd. has bagged four new orders in March, taking its total order win in for the year ending March to Rs 24,523 crore, YD Murthy, Executive vice president - Finance, NCC told BloombergQuint.

Of the Rs 1,085 crore worth of orders won last month, one Rs 344 crore order pertains to the water and environment divisions, and three others amounting to Rs 741 crore pertain to the electric division, the company said in an exchange filing today.

Murthy said the company’s debt has reduced substantially after it raised Rs 550 crore through a qualified institutional placement in February this year.