NCC eyeing Rs 14,000 crore orders in FY12

03 Jun 2011

NCC, formerly Nagarjuna Construction Company, expects to win orders worth Rs 14,000 crore in FY12 out of which around Rs 5,000 crore will be in-house order from the power project. The company also aims to grow its revenue by 15 percent in this fiscal and 20-25 percent in FY13.

Besides, NCC has proposed a turnover guidance of Rs 7,200 crore on a consolidated basis for the current year 2011-12 at a growth of 15% over the previous. The company has a healthy order book position of Rs 16,180 crore at the beginning of the current year. The company has secured new orders in April and May, 2011 from various clients aggregating Rs 706 crore.

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. The company has posted a net profit of Rs 40.43 crore for the December 2010 quarter, down 15.52% over Rs 47.86 crore reported in the year ago period.

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89.05 -2.00 (-2.20%) Feb 26, 18:55
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