Nagarjuna Construction wins six orders worth Rs. 502 crores

Nagarjuna Construction Company Ltd (NCCL) has announced that the company has won six new orders worth Rs. 502 Crores. NCCL operates as a construction company in India. The company operates in six different sector including Buildings and Housing, Transportation, Water and Environment, Irrigation, Electrical, and Real Estate.

The Hyderabad-based company has bagged first order worth Rs 185 crores from the Andhra Pradesh government for water supply improvement scheme at Warangal. The project is expected to be completed over a period of 18 months.

The second order worth Rs 84 crores has been secured from the Commissioner, Greater Visakhapatnam Municipal Corporation, Visakhapatnam for development of Infrastructure facilities at Vizag. The order has to be completed over a period of 18 months.

The company has secured third order worth Rs 50 crores from Bangalore-based Salarpuria Properties Pvt. Ltd. for construction of Salarpuria Cyber Gardens at Hitech City, Hyderabad to be completed in 16 months.

Fourth order valued at Rs 53 Crores has been granted by Engineer-in-Chief (PH), Public Health, Hyderabad for Water Supply Improvement Scheme at Kadiri in Anantapur District to be completed over a period of 15 months.

NCCL has bagged the fifth order worth Rs 53 Crores from Project Engineer, Public Health Engineering Department, Govt. of Chhattisgarh, Raipur for Augmentation Water Supply Scheme at Raipur. The order is to be completed over a period of 20 months.  

The company has won last order worth Rs. 77 Crores from Chief Engineer, Karnataka Urban Water Supply & Drainage Board, Bangalore for Re-modelling of WS Distribution Network at Mysore The order is to be completed over a period of 24 months.

The stock closed today at Rs. 301 on NSE, down 2% compared with previous close of Rs. 308. It touched an intraday high of Rs. 311 and a low of Rs. 265.