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News: NCC has received five new orders aggregating Rs 3601 crore in December, 2022. Out of these orders, two are valued at Rs 1871 crore relating to the water division, two are valued at Rs 993 crore related to the electrical division while one is valued at Rs 738 crore relating to the irrigation division
View: NCC’s order book at the end of Q2FY23 on a standalone basis was at an elevated level of Rs 40,020 crore (3.4x order book to TTM bill ratio). Additionally, the company has secured orders worth Rs 5354 crore in Q3FY23, strengthening its overall order book further. Going forward, the gained momentum in order inflows is expected to continue with its strong emphasis on buildings, water, roads and expressways, metro and railways and mining segments, which will drive robust revenue growth ahead
Impact: Positive