NCC shares jump 2% after winning Rs 2,269 crore Mumbai metro work order
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NCC share price performance
Shares of NCC Ltd jumped 2.3% to their day's high of Rs 227 on the NSE on Monday, July 14, after the company announced securing a major work order worth approximately Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA).The contract pertains to works for the Mumbai Metro Line 6 project, specifically Package 1-CA-232.According to the company's regulatory filing, NCC has received the Letter of Acceptance (LOA) dated July 11, 2025, for 'Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning of Rolling Stock, Communication-Based Signaling & Train Control, Telecommunication Systems, Platform Screen Doors, and Depot Machinery & Plant' for Line 6 of the Mumbai Metro Rail Project.This line connects Swami Samarth Nagar to Vikhroli – Eastern Express Highway (EEH), the filing showed.The total contract value stands at Rs 2,269 crore, excluding GST, with the construction expected to be completed within 24 months.Additionally, the project includes a Defect Liability Maintenance Period (DLMP) of 2 years and a Comprehensive Maintenance period of 5 years post-DLMP.The project falls under general contract conditions and has been awarded by a domestic entity. NCC noted that this order forms part of its ordinary course of business.Over the past one year, the stock of NCC has declined by 33.33%. On a year-to-date (YTD) basis, it is down 20.08%, while over the last six months, the stock has fallen 11.69%. In the last three months, however, the stock has gained 5.72%. Over the past one month, the stock has dropped by 6.85%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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