Hyderabad-based infrastructure major Nagarjuna Construction (NCCL) has bagged three orders worth Rs 474 crore from various firms.

The company has bagged first order worth Rs 252 crore from Engineers India for development of sports facilities and associated infrastructure development work for Commonwealth Games-2010 at North Campus, Delhi University. The project will be completed over a period of 18 months.

The second order, which is valued at Rs 114 crore has been secured from Bangalore Metropolitan Transport Corporation for the construction of Traffic and Transit Management Centre under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme. The project is scheduled to be completed within 24 months.

The company has picked third order worth Rs 108 crore from KSRTC civil engineering division Mysore for the development of transport infrastructure facilities under JNNURM, to be completed over a period of 18 months.

IIFL has recommended a buy rating on Nagarjuna Construction with a 12-month target price of Rs 201 in its August 18, 2008 research report. The counter looks good fundamentally and has good projects in pipeline. Investors can bet on this counter for the long-term.