NCC Share Price Surges On ₹10,804.6 Cr Orders from BSNL for BharatNet

NCC Limited has received 2 advance work orders from Bharat Sanchar Nigam Limited (BSNL) for projects under the BharatNet initiative. The combined value of these orders is ₹10,804.56 crore, excluding GST.

As of 12:32 PM on March 26, NCC share price was trading at ₹213.12, up 4.10% for the day, marking a 19.26% rise over the past month but down 30.43% over the last 6 months.

Project Regions and Order Value

The 2 contracts involve network infrastructure work in:

• Uttarakhand Telecom Circle (Package 5)

1. • Total Order Value: ₹2,647.12 crore.
   • Capital Expenditure (Capex): ₹1,543.35 crore.
   • Operating Expenditure (Opex): ₹1,103.77 crore.

• Madhya Pradesh, Dadra & Nagar Haveli, Daman & Diu Telecom Circles (Package 1)

1. • Total Order Value: ₹8,157.44 crore.
   • Capital Expenditure (Capex): ₹4,189.05 crore.
   • Operating Expenditure (Opex): ₹3,968.39 crore.

These contracts were awarded on March 25, 2025.

Scope of Work

The work involves the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet. Construction is scheduled to be completed in three years. Maintenance responsibilities will extend for ten years after completion.

About the Contracts

The orders fall under BharatNet Phase 3, a central government program aimed at expanding broadband connectivity across rural India through a middle-mile network. The middle-mile refers to the infrastructure that connects core networks to the local access points in remote areas.

These contracts have been classified as “major orders” by NCC under its materiality policy, which defines orders above ₹1,000 crore as significant. Both are domestic contracts and have been issued by a state-owned entity.

Conclusion

The combined order value of ₹10,804.56 crore adds to NCC’s project pipeline. The execution period spans over a decade, including the construction and maintenance phases. There is no promoter or related party interest in the awarding of these contracts. The company made the announcement after market hours on March 25, 2025.

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