SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sikkim government cancels proposed Teesta-I project awarded to NCC

07 Jul 2012 Evaluate

NCC (formerly known as Nagarjuna Construction Company) has received a major setback after the Sikkim government has cancelled the proposed Teesta-I hydel power project. Due to continuous opposition from locals on the project along with environmental issues has led to the cancellation of the project.

In 2005, the government of Sikkim had signed a memorandum of understanding for 280 MW Teesta Stage-I after it was bagged by the company. Beside this, the State government has also cancelled three other Hydel Power Projects- the 99-MW project at Bop, Bhimkang and Lachung each. The four projects were planned at Lachen and Lachung in North Sikkim on three tributaries of the Teesta and Lachen rivers.

NCC is engaged in development of real estate. Its projects stand on credentials of its work in various sectors such as housing, transportation, power, water, metals and oil and gas.

NCC Share Price

155.80 0.85 (0.55%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4209.60
Rail Vikas Nigam 244.10
NCC 155.80
KEC International 541.65
Kalpataru Projects 1398.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: