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NCC receives orders worth Rs.1,898 crore

News: NCC has received five new orders totaling Rs.1,898 crore in December, 2021,. Out of this, three orders of Rs.988 crore pertain to building division and balance two orders of Rs.910 crore pertain to water division.

Views: NCC’s order book as on Q2 was at an elevated level of Rs.39,112 crore (excluding L1 in projects worth ~Rs. 2,600 crore). Additionally, the company has secured orders worth Rs.4,507 crore post Q2, strengthening its order book further. We expect healthy momentum in order inflows to continue with improved traction in building, water, roads, and metro and railway segments.

Impact: Positive