Latest news with #MumbaiMetroLine6
Business Standard
14-07-2025
- Business
- Business Standard
NCC gains on securing Rs 2,269-cr order from MMRDA
NCC added 1.42% to Rs 224.90 after the company announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project. The contract for Package 1-CA-232 of the Mumbai Metro Rail Project's Line 6 (Swami Samarth Nagar to VikhroliEEH) encompasses the entire lifecycle of essential systems. This includes the 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. The execution timeline includes a 24-month construction period, followed by a 2-year Defect Liability Maintenance Period (DLMP), and an additional 5 years of comprehensive maintenance post-DLMP. The firm clarified that the transaction is not a related party transaction, and no promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. NCC reported a consolidated net profit of Rs 253.82 crore in Q4 FY25, up 6.12% as against Rs 239.16 crore posted in Q4 FY24. However, revenue from operations tumbled 5.45% to Rs 6,130.88 crore in Q4 FY25 as against Rs 6,484.88 crore posted in Q4 FY24.
Business Standard
14-07-2025
- Business
- Business Standard
Stock Alert: Dmart, Ajmera Realty, Rites, RVNL, Indegene, Gland Pharma
Securities in F&O Ban: Glenmark Pharma, Hindustan Copper and RBL Bank shares are banned from F&O trading on 14 July 2025. Upcoming Results: HCLTech, Ola Electric, Rallis India, Tata Technologies, Tejas Networks, Kesoram Industries will announce their quarterly results later today. Stocks To watch: Avenue Supermarts (Dmart)s consolidated net profit fell 0.11% to Rs 772.97 crore despite a 16.28% jump in revenue from operations to Rs 16,359.70 crore in Q1 FY26 over Q1 FY25. Ajmera Realty & Infra reported 65% decline in sales value to Rs 108 crore in Q1 FY26 compared with Rs 306 crore in Q1 FY25. Collection jumped 42% YoY to Rs 234 crore in Q1 FY26, underscoring strong cash flow realization from existing projects. Indegene has announced the launch of NEXT Medical Writing Automation to accelerate the creation of high-quality documents across clinical development, regulatory submissions, and beyond. RITES said that it has received an order for undertaking the construction and renovation of Government First Grade College at various locations in Karnataka under the PM USHA Scheme. The project cost, including RITES fees, is Rs 46.82 crore. The project has to be executed within a period of 36 months. Gland Pharma said that its Pashamylaram facility has received certificate of good manufacturing practices (GMP) compliance from Danish Medicines Agency. This certification specifically covers the facility's production of aseptically prepared powder for injection, infusion, and inhalation. Rail Vikas Nigam (RVNL) has been awarded a letter of acceptance (LoA) by the South Central Railway for a significant project valued at Rs 213.22 crore. The contract encompasses the design, supply, erection, testing, and commissioning of an overhead equipment (OHE) upgradation project. NCC announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project. RailTel Corporation of India has received a work order from Indian Overseas Bank, valued at Rs 10.27 crore. The project is scheduled to be executed by 7 August 2025. IRB Infrastructure Developers, along with its InvIT associate IRB Infrastructure Trust, reported combined toll revenue of Rs 1,680 crore for the AprilJune quarter of FY26, marking an 8% year-on-year increase from Rs 1,556 crore in Q1 FY25.
Business Upturn
14-07-2025
- Business
- Business Upturn
NCC shares rise nearly 2% as firm bags Rs 2,269 crore Mumbai Metro contract
By Aditya Bhagchandani Published on July 14, 2025, 09:32 IST Shares of NCC Ltd were in focus on Monday, July 14, climbing around 1.75% to ₹225.70 on the NSE after the company announced a significant order win. The stock gained from its previous close of ₹221.81 and traded within a day's range of ₹224.00–₹227.00 in early trade. The civil construction company has secured a major contract worth approximately ₹2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The order pertains to Mumbai Metro Line 6 – Package 1-CA-232, covering design, manufacturing, installation, and commissioning of rolling stock, signalling systems, telecom systems, platform screen doors, and depot machinery for the Swami Samarth Nagar–Vikhroli corridor. The project is expected to be completed in 24 months, followed by two years of defect liability maintenance and five years of comprehensive maintenance. Despite the positive development, NCC shares have lost about 33% in the last one year and 20% in 2025 so far. The company's market capitalisation stands at approximately ₹13,922 crore. Around 1.50 lakh shares of NCC changed hands on the BSE, resulting in a turnover of ₹3.32 crore. On the technical front, the stock's relative strength index (RSI) is at 42.7, suggesting that it is neither overbought nor oversold. The one-year beta of 1.5 indicates relatively high volatility during the period. This latest order win follows a strong order flow for NCC, which on June 30 announced additional contracts worth ₹1,690.5 crore in its building division from various state agencies and private clients. NCC is a leading infrastructure player engaged in construction of industrial and commercial buildings, housing, roads, bridges, water supply projects, mining, power transmission, irrigation, and real estate development. Disclaimer: The information provided is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a financial advisor before investing. The author or publisher is not responsible for any losses incurred. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Economic Times
14-07-2025
- Business
- Economic Times
NCC shares jump 2% after winning Rs 2,269 crore Mumbai metro work order
NCC shares: As per its regulatory filing, NCC has received the Letter of Acceptance (LOA) dated July 11, 2025, for the 'Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning' of rolling stock, communication-based signaling and train control. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 line connects Swami Samarth Nagar to Vikhroli – Eastern Express Highway (EEH), the filing total contract value stands at Rs 2,269 crore, excluding GST, with the construction expected to be completed within 24 the project includes a Defect Liability Maintenance Period (DLMP) of 2 years and a Comprehensive Maintenance period of 5 years 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 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)
Time of India
14-07-2025
- Business
- Time of India
NCC shares jump 2% after winning Rs 2,269 crore Mumbai metro work order
NCC shares: As per its regulatory filing, NCC has received the Letter of Acceptance (LOA) dated July 11, 2025, for the 'Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning' of rolling stock, communication-based signaling and train control. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 line connects Swami Samarth Nagar to Vikhroli – Eastern Express Highway (EEH), the filing total contract value stands at Rs 2,269 crore, excluding GST, with the construction expected to be completed within 24 the project includes a Defect Liability Maintenance Period (DLMP) of 2 years and a Comprehensive Maintenance period of 5 years 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 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)
