NCC shares rose as much as 5 per cent in Friday’s trading session after the civil construction company secured a road project worth Rs. 12.86 bn from Hyderabad Growth Corridor. The order is for construction work in Telangana and is expected to be completed within eight months of the award date.

The stock opened 4 per cent higher at Rs. 125 on the National Stock Exchange before extending its gains to an intraday high of Rs. 127.74. Around 1 PM, nearly 14 mn shares had changed hands on the exchange, while NCC was trading 3.3 per cent higher at Rs. 123.88.

The benchmark Nifty 50 index was trading 278 points, or 1.25 per cent, higher at 22,510 at the same time. The movement in NCC shares came after the company disclosed that it had received a Letter of Acceptance, or LoA, from Hyderabad Growth Corridor for the project.

The contract covers construction of Radial Road-2 from the Outer Ring Road near Budwel to Nacharam on NH-167N. The specified package covers the Budwel-to-Shabad section of the road in Telangana, with execution scheduled over eight months from the date of award.

NCC shares have underperformed the broader market across most reported time frames. National Stock Exchange data showed that the stock had declined 15 per cent over the previous month and was down nearly 24 per cent in 2026. The shares had also fallen 41 per cent over the past year and 20 per cent over a 3-year period.

The order adds to NCC’s road construction portfolio as the company continues to execute infrastructure projects across India. The contract value and completion schedule were disclosed in the company’s exchange filing, while the market response was reflected in the stock’s intraday gains.