Shares of NCC Ltd surged 6% on 20 March after the company announced that it had received a letter of acceptance (LOA) for Rs 2,129.60 crore from the Andhra Pradesh Capital Region Development Authority.
 
In an exchange filing, the company said, “We are pleased to inform that, the Company has received Letter of Acceptance dated 19 March, 2025 from Andhra Pradesh Capital Region Development Authority for construction of roads, drains, water supply, sewage, utility ducts for power and ICT, reuse waterline and avenue plantation etc. at Zone-12 villages area in Amaravati Capital City, Andhra Pradesh.” 

According to the terms of the order, NCC will construct roads, drainage, water supply, sewage, utility ducts for power and ICT, reusing water lines, and avenue plantations under a lumpsum contract (percentage tender).

NCC states that the construction must be completed within 36 months or three years. 

NCC was founded in 1978 and focuses on turnkey engineering, procurement, and demolition (EPC) contracts and build, operate, and transfer (BOT) projects using Public-Private Partnership (PPP) models. 

The company works in a wide range of industries, including building projects, railroads, metals, mining, irrigation, water and environmental services, electrical work, and road construction. 
 
Additionally, NCC has substantial assets in real estate, energy, and transportation projects through its 82.1% ownership of NCC Urban Infrastructure and its 62.1% ownership of NCC Infrastructure Assets Limited. To expand its footprint in the Middle East, the company has subsidiaries in Dubai and Muscat. 

At 11:52 am, the shares of NCC were trading 3.28% higher at Rs 203.20 on NSE. 

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