In response to the disclosure, these contracts have been awarded by state authorities companies and don’t embrace any inner orders. NCC clarified that the tasks have been acquired within the regular course of enterprise and don’t fall underneath associated social gathering transactions, because the promoters, promoter group, or group corporations have little interest in the entities that awarded the tasks.
“The Firm has acquired two (2) orders through the month of August 2025, totaling Rs. 788.34 Crore (excl. GST). These orders pertain to the Water Division of the Firm. On this regard, we want to submit the next:
- These orders have been acquired within the regular course of enterprise of the Firm.
- The Promoters / Promoter Group / Group Corporations would not have any curiosity within the entities which have awarded the tasks to the Firm and don’t fall underneath Associated Occasion Transaction.
- These orders have been acquired from State Authorities companies and don’t embrace any inner order,” the corporate mentioned in a submitting to the alternate.
The corporate, a number one infrastructure participant, repeatedly executes tasks throughout sectors reminiscent of water, roads, buildings, electrical, and mining. The addition of those two contracts strengthens the order ebook of its Water Division, which has been an necessary vertical in NCC’s operations.
NCC shares closed 1.6% decrease at Rs 204.60 on the BSE on Friday.
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