This construction company has been selected as the successful bidder for the EPC (engineering, procurement, and construction) execution of a major infrastructure project.
The contract is for the Daudhan Dam under the Ken-Betwa Link Project, which is being overseen by the Ken-Betwa Link Project Authority, a government department. The total value of the contract is a substantial Rs. 3,389.49 crore.
This contract award highlights the company’s capabilities and expertise in executing large-scale infrastructure projects. The 72-month duration of the contract suggests it is a complex and substantial undertaking, which could further solidify the company’s presence in the industry.
Share Price Movement
The share price of NCC Limited went up by 4.9 percent to Rs. 318.25 per share on Friday, an increase from its previous close of Rs. 303.35 per share. The market capitalisation now stands at approximately Rs. 19,460 crore as of November 29, 2024.
What Happened
NCC Limited received a Letter of Acceptance dated November 28, 2024 from the Ken-Betwa Link Project Authority regarding the selection of NCC Limited as the successful bidder for the EPC (Engineering, Procurement, and Construction) execution of the Daudhan Dam under the Ken-Betwa Link Project. The contract is worth of Rs. 3,389.49 Crore
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, NCC’s consolidated revenue from operations has increased by 10 percent YOY from Rs. 4,720 crore in Q2 FY24 to Rs. 5,196 crore in Q2 FY25 and decreased by 6 percent QoQ from Rs. 5,528 crore in Q4 FY24.
The company’s consolidated net profit has increased by 103 percent, from Rs. 86 crore in Q2 FY24 to Rs. 175 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has decreased by 21.5 percent QoQ from Rs. 223 crore.
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Market Outlook
The construction industry in India is expected to experience significant growth in the coming years. By 2025, the industry is projected to reach $1.4 trillion. Key drivers of this growth include the rapid urbanisation of the country, with cities expected to generate 70% of India’s GDP by 2030. Furthermore, the Indian government has an investment budget of $1.4 trillion for infrastructure development, focusing on renewable energy, roads, and railways.
The industry is also embracing innovative construction technologies and initiatives like the Smart City Mission to improve urban planning and quality of life.
Shareholding Pattern
As of the November 2024 shareholding pattern, NCC Limited is primarily held by the promoters at 22 percent, foreign institutional investors hold 20.86 percent, and the public with 44.78 percent.
About Company
NCC Limited, founded in 1978 and headquartered in Hyderabad, is a leading construction and infrastructure company. Evolving from a partnership to a public limited entity in 1990, it is recognised as one of India’s largest listed construction firms. With a presence in India, Dubai, and Muscat, the company delivers high-quality projects that span multiple sectors.
Specialising in infrastructure, NCC undertakes projects in buildings, transportation, water systems, electrical transmission, and mining. It has built industrial structures, roads, bridges, IT parks, and hydrothermal power plants. Its expertise in sewage treatment and irrigation underscores its commitment to sustainable development. For the fiscal year ending March 2023, NCC achieved over ₹500 crore in operating revenues and reported an EBITDA growth of 34.78%.
With over four decades of experience, NCC Limited continues to shape India’s infrastructure landscape. Its focus on sustainability, quality, and innovation ensures a promising future both locally and internationally.
Fazal Ul Vahab CH
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