NECC has received a contract from Tata Steel worth Rs. 400 crore, for transportation of raw material and mining products from the Tata mines in Odisha. The first tranche of the orders are expected to be picked up in January 2017, and the contracts completed by March 2017.
The company's latest September-end quarter results had seen marginal losses year on year, with net income falling from Rs. 128.17 crore in the previous year's September quarter to Rs. 124.2 crore in this FY17 quarter. Net profits remained about the same - changing from Rs. 1.65 crore the previous year's quarter to Rs. 1.7 crore in this year's quarter.