NACDAC Infrastructure Bags ₹6.22 Crore Northern Railway Order; Shares In Focus

Mumbai, July 1:NACDAC Infrastructure Ltd. has received a Letter of Acceptance (LoA) from the Northern Railway, Moradabad Division, for civil and electrical works at Roorkee railway station, the company informed exchanges on Wednesday.

The contract, valued at ₹6.22 crore (inclusive of GST), involves improving the station’s circulating area, façade, parking facilities and platforms. The scope also includes the construction of an electrical substation and parcel office, along with an approach road connecting the station.

Unlike routine maintenance contracts, the project combines both civil and electrical infrastructure work as part of the ongoing modernisation of railway assets.

According to the company, the project is expected to be completed within eight months. It also clarified that the order has been awarded by a domestic entity, has been received in the ordinary course of business, and does not involve any related-party transaction.

For a company of NACDAC’s size, a railway contract of this scale adds meaningful execution visibility over the coming quarters.

Stock Market Snapshot

The announcement kept the NACDAC Infrastructure share price on investors’ radar during Wednesday’s trade.

As of 1:29 PM IST on July 1, the stock was trading at ₹25.25.

Railway infrastructure continues to be one of the government’s key areas of capital expenditure, creating opportunities for engineering and construction companies involved in station redevelopment, civil works and allied infrastructure projects. Orders from public-sector agencies such as Northern Railway are therefore closely tracked for their contribution to future revenue.

Company Background

NACDAC Infrastructure undertakes civil construction and infrastructure development projects across public and private sectors. Its portfolio includes building construction, roads, utility infrastructure and government contracts.

The Roorkee project adds another railway assignment to the company’s order book and aligns with its focus on executing public infrastructure projects.

Conclusion

The latest Letter of Acceptance expands NACDAC Infrastructure’s presence in railway infrastructure at a time when station redevelopment remains an area of sustained public investment. While the project is scheduled for completion within eight months, the immediate focus will be on execution as the company looks to convert its order pipeline into revenue over the course of the financial year.

Source:

• https://www.bseindia.com/stock-share-price/nacdac-infrastructure-ltd/nacdac/544313
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/3f6622df-df98-491c-aefb-47a332cefac0.pdf