NCC Limited (NCCL) has said that they have not received any communication from the Andhra Pradesh Government about any cancellation of projects awarded to it by the previous Government.
The Hyderabad-based construction and infrastructure company in a statement to BSE had said, “We observe from the news reports that the new Government in the State of Andhra Pradesh proposes to review some of the contracts that were awarded by the previous Government.”
“We have not received any communication from the AP Government in this regard. We understand that the AP Government is considering to cancel work orders issued prior to April 1, 2019 but not grounded (work not commenced),” NCCL statement said.
