NCC Ltd. has won a ₹3,389.49 crore contract for building the Daudhan Dam under the Ken-Betwa Link Project in Madhya Pradesh.
The project, to be completed in 72 months, adds to NCC’s robust order book of ₹52,370 crore. Shares surged 3.2% to ₹313.2, marking a 90% gain in 2024. The company aims for ₹20,000-22,000 crore in new orders this fiscal, with over 15% revenue growth. Analysts remain bullish, with 10 out of 14 rating the stock a "buy." NCC projects 9.5%-10% EBITDA margin for FY24.