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NCC shares jumped nearly 5% after the company won a Rs 2,090 crore Barner Reservoir project in Bihar.
NCC shares
Shares of NCC Ltd surged 4.9% to hit the day’s high of Rs 222.50 on the BSE in early trade on Tuesday, September 16, after the company announced winning a Rs 2,090.5 crore contract from the Water Resources Department, Bihar.
The Letter of Award (LoA), dated September 15, pertains to the construction of the Barner Reservoir Scheme in Jamui district. According to the exchange filing, the project involves building a reservoir, dam structures, irrigation channels, and allied works. It has been awarded under standard domestic contract terms and does not fall under related party transactions.
The execution timeline is set at 30 months for construction, followed by a 60-month Defect Liability Period (DLP). The total contract value is around Rs 2,090.5 crore, excluding GST.
On the market front, NCC shares have seen mixed performance. Over the past year, the stock has declined 33.08%, and on a year-to-date basis, it is down 23.55%.
However, in the last six months, it gained 13.97%. In the shorter term, the stock fell 6.44% over three months and slipped 2.86% in the past month, reflecting ongoing volatility. On Monday, the shares had closed 1.6% higher at Rs 212.10 on the BSE.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 16, 2025, 10:04 IST
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