Major Win: Rs 10,800 Crore Order from BSNL Boosts Rs 12,000 Crore Company's Market Cap!

NCC Secures Major Contracts from BSNL Worth Over ₹10,800 Crore

In a significant boost for NCC, the company has landed two substantial contracts from Bharat Sanchar Nigam Limited (BSNL), totaling ₹10,804 crore. These projects involve the comprehensive design, supply, construction, installation, upgrading, operation, and maintenance of the middle-mile network for BharatNet across the Uttarakhand and Madhya Pradesh, DNH, and DD Telecom Circles. This remarkable achievement is particularly noteworthy given that NCC’s market capitalization stands at ₹12,000 crore, meaning the new orders represent a substantial portion of its total value.

Details of the Contracts

NCC announced the receipt of these work orders on March 25, 2025, via an exchange filing. The company stated:

“We are pleased to inform that we have received 2 (Two) Advance Work Orders from Bharat Sanchar Nigam Limited (BSNL) for the Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of the middle mile network of BharatNet.”

Package No.- 05: Uttarakhand Telecom Circle
Package No.- 01: Madhya Pradesh, DNH & DD Telecom Circles

Additional Orders

Just three days prior, NCC secured another significant contract valued at ₹1,480.34 crore. This order came from the Bihar Medical Services & Infrastructure Corporation Limited for the redevelopment of Darbhanga Medical College & Hospital in Laheriasarai, Darbhanga, as detailed in an exchange notification dated March 21, 2025.

NCC’s Financial Performance in Q3 FY25

Despite these new contracts, NCC reported a 12.5% year-on-year decline in consolidated net profit for Q3 FY25, settling at ₹193 crore. This drop was largely attributed to slower order execution compared to the previous year, where the net profit was ₹221 crore. However, revenue from operations saw a slight increase of 1.61%, reaching ₹5,345 crore.

Stock Performance: NCC vs. Nifty 50

NCC’s stock has shown resilience, with a 6% increase over the last five trading days, contributing to a 15% rise in investor wealth over the past month. However, the company has experienced a 33% decline over the last six months and a 16% drop in the previous year.

In comparison, the Nifty 50 index has risen by 3.6% in the past five sessions and increased by 5% over the last month, though it has also fallen 10% in the last six months and delivered a 7.5% return over the past year.

This recent wave of contracts not only signifies a major milestone for NCC but also highlights its pivotal role in the telecommunications infrastructure landscape in India. For more insights on market trends and company performance, stay tuned!