New Delhi: Infrastructure firm NCC on Friday said it has received 15 new orders worth Rs 8,980 crore in December from government agencies. "NCC has received fifteen new orders totaling to Rs 8,980 crore (exclusive of GST) in the month of December 2020," the company said in a BSE filing. These orders are received from Central/State Government agencies and do not include any internal orders, the company added. Shares of NCC were trading 3.90 per cent higher at Rs 59.90 apiece on the BSE.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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