- 26 Mar 2025
- ICICIdirect Research
NCC LTD HAS RECEIVED TWO ADVANCE WORK ORDERS WORTH A TOTAL OF ₹10,804.56 CRORE
NCC - 212 Change: -5.20 (-2.40 %)News: NCC Ltd has received two advance work orders worth a total of ₹10,804.56 crore (excluding GST) from Bharat Sanchar Nigam Limited (BSNL) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet. Both projects have a three-year construction period and a 10-year maintenance period.
View: NCC's order book as of Q3 FY25, stood at ₹51834 crore, 2.7x TTM book to bill. It has achieved order inflows worth over ₹13500 crore (₹8440 crore in Q3) as of 9M FY25. Furthermore, with this order, inflows for Q4 till date is ~₹ 15000 crore (Assuming 2:1 ratio of EPC/O&M 11000 crore of EPC order inflows). Thus with order inflow of over ₹ 24000 crore, it has exceeded guidance of ₹ 20000-22000 crore. This will boost growth visibility ahead.
Impact: Positive