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The same is to be executed within 24 months.
The company mentioned the same to the stock exchanges while clarifying that it had received emails from the NSE and BSE on January 6, 2025, for not disclosing the orders sooner.
On January 6, the exchanges said that they had sought clarification from NCC with reference to a MoneyControl report on January 3 regarding the Bengaluru suburban rails station order.
The company in its clarification said it is a “large construction and infrastructure development company and has been executing various projects received through its business divisions. The company has been participating in various tenders floated on a regular basis and is bagging contracts in its normal course of business,” it said, adding that it has been disclosing details of orders received on regular basis.
As per this practice, it clubs the orders received in the normal course of business during a month and discloses them to the stock exchanges at the beginning of the succeeding month, it said.
The company, while issuing the clarification on Tuesday, said, the order “is in normal course of business and will be clubbed in the regular disclosure to the stock exchanges for order/s received during January 2025,” it said.
NCC shares were trading 4.69% higher at ₹272.15 apiece at 1pm on Tuesday, January 7.
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First Published: Jan 7, 2025 1:08 PM IST
