NCC Ltd bags Rs 1,480 crore order from BMSICL
NCC Limited has secured an Rs 1,480.34 crore contract for the redevelopment of Darbhanga Medical (TASE:BLWV) College and Hospital in Bihar.
In a filing, NCC announced that it had received a Letter of Acceptance (LoA) from Bihar Medical Services and Infrastructure Corporation, marking a significant project win.
The contract involves extensive redevelopment work, with a 42-month timeline for completion. Additionally, the Defect Liability Period (DLP) will extend for 36 months post-completion, during which NCC will be responsible for rectifying any construction-related issues.
Under NCC’s internal classification, any contract exceeding INR 1,000 crore (excluding GST) is deemed a “major order.” The latest win strengthens NCC’s portfolio in the infrastructure and healthcare sectors, reinforcing its position as a leading construction company in India.
The company has been attracting investor interest, especially as its shareholder base includes Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, who holds a 10.63% stake (6.67 crore shares) in NCC as of the December 2024 quarter.
