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Report date: 5th April 2024

Founded in 1984 NECC Group was created to offer innovative, value added and technology driven
logistics services, throughout the country as well as Nepal and Bhutan with an annual turnover of
Rs. 400+ cr. And is an IBA approved and ISO certified logistics provider and the IBA Code is DLN -
1351.

Our range of services covers,

a) Transportation by Road / Rail

b) Containerized transportation
c) Warehousing and Distribution (3PL)
d) Parcel Movement
e) Bulk Dry Cargo

Address: Azad Market, New Delhi

Website http://www.neccgroup.com
Company Size 1,001-5,000 employees
Type Public Company
Board Approves Raising Funds Via Equity Issuance

The Board of North Eastern Carrying Corporation (NECC) at its meeting held on 04
April 2024 has approved the allotment of 6,70,000 equity shares and 3955062 share
warrants convertible into equity shares on the preferential basis of the face value of
Rs 10 each for Rs 32.05 which includes a premium of Rs. 22.05 per equity share to
promoters and other non-promoter group person (hereinafter referred to as Allottees)
for cash consideration by way of preferential issue on a private placement basis.

In December 2023, NECC received a letter of acceptance (LoA) from GAIL (India)
Ltd, a top central public sector undertaking under the Ministry of Petroleum and
Natural Gas, for transportation of polymer, said the company's exchange with the
bourses The company said in a regulatory filing that the order is worth Rs 52.48
crores for a period of 3 years.

Earlier, NECC entered into a memorandum of understanding (MoU) with SG

Logistic Management Pvt Ltd to invest up to Rs 20 crore in the same and acquire up
to 20 per cent of shares/ other securities therein. SG Logistic Management is a part
of SG Group, which is in the logistics industry.

Meanwhile, Gail India said it has initiated legal proceedings against a former unit of
Russian energy giant Gazprom for non-delivery of LNG and has sought USD 1.817
billion in damages.

In a stock exchange filing, the gas utility said it has filed an arbitration claim before
the London Court of International Arbitration for “non-supply of LNG cargoes
under long-term contract.” GAIL in 2012 signed a 20-year deal to buy as much as
2.85 million tonnes per annum of liquefied natural gas (LNG) with Russian energy
giant Gazprom.

The deal was signed with Gazprom Marketing and Singapore (GMTS), which at the
time was a unit of Gazprom Germania, now called Sefe. The Russian parent gave up
ownership of Sefe after Western sanctions were imposed on Moscow over its invasion
of Ukraine last year.

Sefe had stopped supplying LNG to the Indian company in June last year to meet its
own demand, PTI reported.
Market Cap ₹ 275 Cr. Current Price ₹ 28.8

Stock P/E 43.8 Book Value ₹ 15.6

Dividend Yield 0.00 % ROCE 8.27 %

ROE 5.56 % Face Value ₹10.0

SWOT
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