New Delhi: State-owned construction and project management company NBCC (India) Ltd has announced the acquisition of three significant orders worth a combined value of Rs 65.73 crore. The orders have been placed by the Rajiv Gandhi Institute of Petroleum Technology (RGIPT) and the Navodaya Vidyalaya Samiti, reinforcing NBCC’s presence in the institutional infrastructure development segment.
Despite the announcement, shares of NBCC remained under pressure, closing at Rs 117.53 on the BSE, marking a 2.12% decline during Thursday’s trading session.
The Orders
Project Management for Energy Institute, Bengaluru – Rs 43.90 crore
The largest of the three contracts comes from the Rajiv Gandhi Institute of Petroleum Technology. The company has been entrusted with providing Project Management Consultancy (PMC) services for the construction and development of various buildings at the Energy Institute, Bengaluru. The scope of work includes external development tasks and carries an estimated value of Rs 43.90 crore.
Regional Office Construction in Odisha – Rs 6.42 crore
The second project comes from the Navodaya Vidyalaya Samiti and involves the construction of a Regional Office Building in Bhubaneswar, Odisha. The project is valued at Rs 6.42 crore, adding another government-backed institutional development to NBCC’s portfolio.
Central Courtyard Development at JNVs – Rs 15.41 crore
The third order, also from Navodaya Vidyalaya Samiti, involves the construction of Central Coveted Courtyards across various Jawahar Navodaya Vidyalayas (JNVs) in Odisha. The project cost is pegged at Rs 15.41 crore.
Muted Market Reaction
Despite securing new orders, the market sentiment remained cautious, with NBCC stock ending the session in red. Analysts believe the flat response could be attributed to broader market conditions or the routine nature of these projects in the company’s operational scale.
However, the continued inflow of orders reflects NBCC’s solid track record in executing public sector infrastructure projects and its strategic focus on educational and energy institutions.
About NBCC
NBCC (India) Limited is a Navratna public sector enterprise under the Ministry of Housing and Urban Affairs. It specializes in redevelopment and infrastructure projects. NBCC handled iconic assignments such as university campuses, residential colonies, zoos, and performance centers. Operating nationwide, it enforces strict adherence to environmental and heritage norms.
