NCC shares in focus on receiving Rs 1,480 cr LoA for redevelopment project

NCC shares may remain in focus on Monday, March 24, after announcing that the company has received a letter of acceptance (LoA) from Bihar Medical Services & Infrastructure Corporation for the redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga. The order size of the project is Rs 1,480.34 crore.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, today the Company has received Letter of Acceptance dated 21st March 2025 from Bihar Medical Services & Infrastructure Corporation Limited for Redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga,” the company informed the stock exchanges.

This is a major order for NCC as according to the company’s internal policy, any business order or contract that is worth Rs 1,000 crore (10 billion rupees) or more, excluding GST (Goods and Services Tax), is classified as a “Major Order.”

The company further informed that the estimated timeline for the main construction work under the contract must be completed within 42 months. Meanwhile, the Defect Liability Period (DLP), which refers to the time during which the contractor is responsible for fixing any issues or defects, is estimated to last for 36 months after construction is completed.

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NCC share price history

Over the past one year, the shares of NCC have decreased by 13.15%. Year-to-date, the price has fallen by 25.73%. In the last six months, there has been a decline of 34.57%, and over the past three months, the price dropped by 28.27%. However, in the last one month, the price recorded an increase of 10.25%.On Friday, the shares of NCC closed 2.26% higher at Rs 206.05 on the BSE.

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