Money

NCC Shares Surge Over 6% as PSU Bags Major Orders from BSNL Worth Over ₹10,800 Crore


NCC Ltd. witnessed a sharp rise in its stock price on March 26, 2025, surging over 6% following the announcement of two major advance work orders from Bharat Sanchar Nigam Limited (BSNL).

The public sector unit has secured contracts totaling ₹10,804.56 crore for telecom infrastructure projects in Uttarakhand, Madhya Pradesh, and the union territories of Dadra & Nagar Haveli and Daman & Diu.

Details of the Contracts

The orders pertain to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet:

  • Uttarakhand Telecom Circle: The contract for this region is valued at ₹2,647.12 crore.
  • Madhya Pradesh, Dadra & Nagar Haveli, and Daman & Diu Telecom Circles: This contract is worth ₹8,157.44 crore.

Both projects have a scheduled completion period of three years, followed by an additional ten-year maintenance period.

Market Reaction and Stock Performance

The announcement of these large-scale contracts resulted in NCC Ltd.’s share price climbing over 6% during early trading hours.

The positive development comes as a boost for the company’s stock, which had seen a decline of around 16% over the past year and 33% in the past six months.

Analysts view these projects as a significant step for NCC Ltd., strengthening its presence in the telecom infrastructure sector and reinforcing investor confidence in the company’s growth trajectory.

Significance of the BharatNet Initiative

BharatNet is a crucial government-backed initiative aimed at expanding broadband connectivity in rural India.

By winning these contracts, NCC Ltd. is set to play a vital role in strengthening the country’s digital infrastructure, particularly in underserved regions.

With these substantial project wins, industry experts anticipate further positive momentum for NCC Ltd., making it a stock to watch in the coming months.

Also Read

 

theafricalogistics

Recent Posts

BlackRock’s IBIT Dominates as Bitcoin Surges Past $91,000—ETF Trading Hits Unprecedented $4.2 Billion

BlackRock’s iShares Bitcoin Trust (IBIT) made headlines with a record-shattering $4.2 billion in trading volume…

33 minutes ago

Fuel Price Drop Expected in May: Relief Ahead for South African Motorists

South African drivers are set to enjoy a welcome break from rising fuel costs, with…

3 hours ago

Breaking Down Capitec’s R105 Million CEO Sendoff

In the world of executive compensation, optics matter just as much as performance. That’s why…

3 hours ago

MicroStrategy’s High-Stakes Gamble: Why MSTR Stock Rides the Bitcoin Rollercoaster

MicroStrategy (MSTR) has become one of the most watched—and debated—stocks on Wall Street. Once known…

2 days ago

GE Aerospace Q1 2025 Earnings: A Reflection on Growth, Challenges, and the Future of Aviation

When GE Aerospace unveiled its Q1 2025 results, the numbers told a story of impressive…

2 days ago

IMF Flags Trump Tariffs as Major Threat to U.S. and Global Growth

As President Donald Trump’s sweeping new tariffs take effect, the International Monetary Fund (IMF) and…

2 days ago