NEW DELHI: State-owned construction major NBCC (India) Limited has expanded its project pipeline by securing two distinct domestic work orders aggregating to ₹42.55 crore (excluding GST).
The Navratna central public sector enterprise (CPSE) filed official disclosures with the National Stock Exchange (NSE) and BSE Limited on Saturday, confirming that both contracts were secured under its core Project Management Consultancy (PMC) vertical in the ordinary course of business.
Breakdown of the New Work Orders
The cumulative order book addition is split across institutional education and banking infrastructure:
1. Indian Bank Commercial Complex (Amaravati) — ₹35.63 Crore
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Client: Indian Bank
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Project Scope: Construction of a modern, multi-tier corporate office premises.
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Location: Plot No. 94, Uddandarayunipalem, Amaravati, Andhra Pradesh.
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Execution Model: Project Management Consultancy (PMC) format, covering end-to-end design vetting, tendering, and construction supervision.
2. Navodaya Vidyalaya Campus Expansion (Maharashtra) — ₹6.92 Crore
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Client: Navodaya Vidyalaya Samiti (NVS)
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Project Scope: Civil construction of a parallel extension to the existing school building, alongside the development of additional residential staff quarters.
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Location: Jawahar Navodaya Vidyalaya (JNV) Nandurbar-I, Maharashtra.
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Execution Model: PMC supervision.
Regulatory Compliance & Disclosures
NBCC confirmed that the timely updates were submitted in absolute compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management clarified that none of the promoter or promoter group entities hold any stake in the clients awarding these contracts, ensuring that the mandates do not fall under the purview of related-party transactions.
Market Context: Strengthening the Navratna Order Pipeline
Operating under the aegis of the Ministry of Housing and Urban Affairs (MoHUA), NBCC heavily relies on its high-margin PMC segment, which routinely contributes more than 90% of its top-line revenue.
The acquisition of the Amaravati banking project is viewed by market analysts as strategically significant. As development pace accelerates in Andhra Pradesh’s greenfield capital city, securing early institutional infrastructure contracts positions NBCC as a preferred public sector execution partner for subsequent banking, administrative, and commercial tender rollouts in the region.
