NCC targets fresh orders
The Hyderabad-based construction company NCC Limited is aiming at new orders worth of Rs 12,000 crore in the current year as it plans to ramp up the order-to-bill ratio from the present 2:1 level.

The company had reported a consolidated revenue of Rs 9,584 crore in the year 2015-16 and is expecting to register a 10 per cent growth in top line during the current year. The company order book stood at Rs 17,655 crore as at the end of March, 2016. Buildings and roads account for Rs 8,376 crore or 47 per cent of this total order book. The target of Rs 12,000 crore in fresh order accretion in the current year is over 60 per cent higher than Rs 7,399 crore worth of new orders the company had received in last year. The company expects most of these orders to come from the road sector both as EPC projects and in hybrid model annuity-based projects.