This is the 10750th most frequent Russian word.
вручат
"Вручат" means "will hand over" or "will present."
'Вручат' is used in future tense, indicating that the action of officially handing over diplomas will occur in the future.
Завтра студентам вручат дипломы.
Tomorrow, students will be handed their diplomas.
Similarly, 'вручат' here signifies the act of giving out the awards, emphasizing the formal and ceremonial nature of the action.
На церемонии вручат награды победителям.
At the ceremony, the awards will be presented to the winners.
In this question form, 'вручат' is used to inquire about the time of the act of presenting the gifts, maintaining its formal connotation.