Infrastructure company NCC Ltd announced on Tuesday (25 November) that it has received a letter of acceptance from the Public Works (Health and Education) Department of Assam for the expansion and modernisation of Gauhati Medical College and Hospital in Guwahati.

The contract, awarded by a domestic entity, covers a comprehensive upgrade of the medical college and hospital infrastructure. The project is valued at Rs 20.63 billion, excluding GST.

Under the terms of the agreement, the project will be completed over 42 months. This includes six months dedicated to demolition, planning, designing and engineering, followed by 36 months for execution. Beyond construction, the contract also includes five years of operations and maintenance for civil works and related services. NCC clarified that neither its promoters nor group companies have any interest in the awarding entity, and the order falls under the standard general conditions of contract.

Separately, the company reported that quarterly revenue fell by 12.6 per cent year-on-year to Rs 45.43 billion, while EBITDA declined by 11.5 per cent to Rs 3.94 billion. The EBITDA margin edged up by 20 basis points to 8.7 per cent from 8.5 per cent a year earlier. Net profit stood at Rs 1.55 billion, a decrease of 5 per cent from Rs 1.63 billion last year.

Shares of NCC Ltd closed at Rs 173.95 on the BSE, up Rs 1.70 or 0.99 per cent.