Blackstone-Backed NCC Targets $1.6 Billion of Sales This Year

NCC Ltd., an Indian builder of roads and irrigation projects backed by Blackstone Group LP, expects revenue to grow about 15 percent to 72 billion rupees ($1.6 billion) this year as changes in land acquisition norms may help overcome delays, Executive Vice President Y.D. Murthy said in an interview.

The Hyderabad-based company expects orders worth 140 billion rupees in the year ending March 31, he said.

To contact the reporter on this story: Sharang Limaye in Hyderabad at slimaye@bloomberg.net

To contact the editor responsible for this story: Abhay Singh at abhaysingh@bloomberg.net

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