Hyderabad-based Nagarjuna Construction Company Limited (NCC) has been ranked third amongst the fastest growing construction companies in India by Construction World-NICMAR study, and the fourth most admired company according to the Construction World reader survey.

The award has been jointly instituted by construction industry publication Construction World and the Pune-based National Institute of Construction Management and Research. The awards are based on a mathematical model covering financial figures for the last five years across the construction Industry and vetted by a panel of industry experts.

Last month NCC had been included in the Forbes Asia''s ''best under a billion'' list of two hundred companies in the Asia Pacific region. The ''best under a billion'' is an annual listing of Forbes Asia and features 200 of Asia''s best enterprises with revenue under $1 billion a year and five year returns on capital of at least 5 per cent.