NCC On Track To Achieve Rs 20,000-Crore Order Inflow Target In FY25
NCC's order book was boosted on Friday as it won a Rs 3,389-crore project from the Ken-Betwa Link Project Authority.
NCC Ltd. is confident of achieving its target of Rs 20,000 crore to Rs 22,000 crore of order inflows in the current fiscal, with the company already completing 58% of it so far.
NCC on Friday said in a filing to exchanges that it had won an order worth Rs 3,389.49 crore from the Ken-Betwa Link Project Authority. The order, set to be completed within six years, pertains to the engineering, procurement, and construction of Daudhan Dam under the Ken-Betwa Link Project.
Talking to NDTV Profit about the order wins of the company, NCC's Head of Strategy Neerad Sharma said that the order inflow guidance for fiscal 2025 is achievable.
“As we speak till today, we have bagged total orders worth Rs 11,645 crore, which is about 58% of the lower band. We have already shared about our order inflow guidelines with the Street which is Rs 20,000 crore to Rs 22,000 crore,” he said.
The top executive noted that the company was “quite hopeful” of achieving the order inflow guidance.
“If we really take into account all the awards, we have already achieved about 58% of our target. We are quite hopeful to achieve the order inflow guidance that we have shared with the Street,” he noted.
From the current order book of over Rs 52,000 crore, NCC expects to complete around Rs 12,000 crore in the second half of the fiscal.
Talking about the Daudhan Dam project, Sharma said, “What the project intends to do is to draw the water from a water-surplus area called Ken-Betwa and bring that water to the Bundelkhand region of Uttar Pradesh, close to Jhansi. That is an area in which water continues to be a very scarce commodity.”
Shares of NCC on Friday closed 2.33% higher at Rs 310 apiece on the BSE, compared to a 0.96% climb in the benchmark Sensex.
