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NCC has received an order worth ₹2,063 crore from the Assam government to expand and modernise Gauhati Medical College & Hospital in Guwahati. The stock surged 1.45% on the back of the news.
The deets: the entire project will take 42 months to finish.
- The first 6 months will be spent on demolishing old structures and doing all the planning, design, and engineering work.
- The next 36 months (3 years) will be used to actually build everything.
Big picture: the order should help shore up the company’s margins after a 12.6% revenue drop last year and a 5% profit decline in the latest quarter. It also adds to NCC’s growing portfolio of hospital projects in Assam, reinforcing its position as a trusted healthcare infrastructure builder.
For the state, the project supports ongoing improvements in healthcare access and quality since 2018, giving citizens better access to modern medical facilities.
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