MoneyWorks4Me

NCC in talks to divest stake in some real estate projects: Report

13 Jun 2017 Evaluate

NCC is reportedly in discussion to divest stake in some real estate projects, including those in Bengaluru, Kakinada and Hyderabad, to fuel its business expansion plans.

While the company added orders worth Rs 2,000 crore in the first quarter, it is expecting to see addition of new orders worth over Rs 10,000 crore this fiscal and a topline growth of about 10 per cent.

NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.

 

Peers
Company Name CMP
Larsen & Toubro 3770.00
Kalpataru Projects 1376.45
NCC 130.30
Rail Vikas Nigam 203.00
KEC International 390.40
View more..