NCC Ltd received 4 new orders aggregating Rs.8398 Cr in August

NCC Limited has received 4 new orders aggregating Rs.8398 Crores (excluding GST) in the month of August 2023 relating to Electrical Division. These orders comprise of:

1. The first two orders, one for Rs.2822 Crores and another one for Rs.2933 Crores received from the Maharashtra State Electricity Distribution Co Ltd. (MSEDCL), relating to the Advanced Metering Infrastructure (AMI) Project, to be executed on Design, Build, Finance, Own, Operate, Transfer (DBFOOT) basis under RDSS Scheme. The duration of these orders is 9 years 3 months including 7 years Operation & Maintenance period and these 2 projects are required to be executed through “Special Purpose Vehicles”.
2. The third order for Rs.2324 Crores received from North Bihar Power Distribution Co Ltd., is for Advanced Metering Infrastructure Project (AMI) on Design, Build, Finance. Own, Operate, Transfer (DBFOOT) basis. This Order with a duration of 9 years 3 months is required to be executed by NCC itself.
3. The fourth order for Rs.3l9 Crores received from Bangalore Electricity Supply Co Ltd., for upgradation of Distribution Automation System (DAS) with a duration of 18 months.

As such the orders totaling to Rs.5755 Crores will form part of the Subsidiary Companies’ (SPVs) order book and balance Rs.2643 Crores remains in NCC standalone order book.