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.
The orders pertain to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet:
Both projects have a scheduled completion period of three years, followed by an additional ten-year maintenance period.
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.
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
NIO Inc. (NYSE: NIO), one of China's most promising electric vehicle (EV) manufacturers, has recently…
Kohl’s, one of the major players in the American retail scene, recently announced the closure…
Current Stock Performance and Valuation Rivian’s stock (NASDAQ: RIVN) has faced significant volatility, trading at $10.99–$14.09 as…
Solana’s decentralized finance (DeFi) ecosystem has taken a significant leap forward with the launch of…
In a move to uphold transparency and consumer safety, Shoprite, Checkers, Usave, and OK Foods…
Artificial Intelligence (AI) is rapidly changing the landscape of the modern workforce, offering new opportunities…