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22-Nov2017

NCC advances on bagging Talaipalli Coal Block Project

NCC is currently trading at Rs. 109.80, up by 2.05 points or 1.90% from its previous closing of Rs. 107.75 on the BSE.

The scrip opened at Rs. 114.80 and has touched a high and low of Rs. 114.80 and Rs. 109.30 respectively. So far 7,70,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 114.80 on 22-Nov-2017 and a 52 week low of Rs. 71.25 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 114.80 and Rs. 100.50 respectively. The current market cap of the company is Rs. 6,104.00 crore.

The promoters holding in the company stood at 19.57%, while Institutions and Non-Institutions held 45.62% and 34.82% respectively.

NCC in consortium with BGR Infra has bagged MDO Project from NTPC. The consortium formed between NCC & BGR Infra has been awarded the project relating to Mine Development and Operation of Talaipalli Coal Block (MDO Project) by NTPC. A Special Purpose Vehicle to be formed between NCC (formerly Nagarjuna Construction Co and BGR Mining & Infra with a sharing ratio of 51:49 will execute the project.

The coal production from this coal block as per the Coal Mines Development and Production Agreement being entered into in this regard is expected to commence in the financial year 2019-20. The coal from this block is to be put to captive use for the 4000 MW Lara Integrated Power Project being established by NTPC.

NCC is engaged in development of real estate. The company's projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.



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