NCC shares surge on ₹1,286-crore Telangana road project award

NCC Ltd shares climbed 5% on the bourses after the construction firm secured a significant road infrastructure project in Telangana. The company has received a Letter of Acceptance (LoA) from Hyderabad Growth Corridor Limited for the road construction project valued at ₹1,286.03 crore.

The project award represents a substantial order for NCC, one of India's leading construction and infrastructure development companies. The company's receipt of the LoA triggered investor confidence, reflected in the uptick in share price during trading.

Hyderabad Growth Corridor Limited, the project awarding authority, contracted NCC for the road construction initiative as part of efforts to enhance connectivity infrastructure in the Telangana region. The project is expected to contribute to the company's order book and revenue pipeline in the coming fiscal periods.

NCC Ltd has established itself as a key player in executing large-scale infrastructure projects across India, including highways, railways, and urban development initiatives. The Telangana project adds to the company's growing portfolio of infrastructure contracts across South India.