This Article is From Nov 25, 2011

Nagarjuna Construction builds on new orders

Nagarjuna Construction builds on new orders
Nagarjuna Construction Company gained 1.85% to Rs 184.85 at 11:17 IST on BSE, after the company secured six orders aggregating Rs 791 crore from different players for construction works.


The company announced the fresh orders during trading hours today, 10 June 2010.


Meanwhile, the BSE Sensex was up 108.33 points, or 0.65% to 16,766.22.


On BSE, 1.16 lakh shares were traded in the counter as against an average daily volume of 1.12 lakh shares in the past one quarter.


The stock hit a high of Rs 187.70 and a low of Rs 181 so far during the day. The stock had hit a 52-week high of Rs 195 on 30 April 2010 and a 52-week low of Rs 13.50 on 13 July 2009.


The mid-cap stock had outperformed the market over the past one month till 9 June 2010, rising 7.46% as compared to the Sensex's 0.66% decline. It had also outperformed the market in the past one quarter, gaining 11.86% as compared to the Sensex's 2.31% fall.


The company's equity capital is Rs 51.31 crore. Face value per share is Rs 2.


Two of the six orders valued at Rs 309 crore are from the Ministry of Health & Family Welfare, New Delhi for construction of medical college and hostel complex at AIIMS, Patna. The project is to be executed within a period of 18 months. The third order worth Rs 215 crore is from Khubchandani Hospitals, Mumbai for construction of hospital buildings in the city. The order is to be executed within a period of 22 months.


The fourth order valued at Rs 125 crore is from Lucknow Development Authority, Lucknow for construction of apartment in the city. The order is to be executed within a period of 24 months. The fifth order worth Rs 86 crore from Agricultural Produce Market Committee, Bangalore for construction of buildings and is to be executed over a period of 18 months. The sixth order valued at Rs 56 crore is from MRF, Chennai for construction of buildings at its manufacturing plant. This order is to be executed within a period of nine months.


Nagarjuna Construction Company (NCC)'s net profit jumped 168.6% to Rs 102.62 crore on 38.9% surge in net sales to Rs 1521.81 crore in Q4 March 2010 over Q4 March 2009.

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