BPTP Awards Rs 4,880 Million Contract to NCC for Downtown 66

14 Apr 2026 CW Team

BPTP has awarded a Rs 4,880 million construction contract for the Downtown 66 project to NCC Limited. The award was announced on 13 April 2026 and confirms the selection of NCC Limited as the main contractor for the development. The contract value was announced as Rs 488 crore, which converts to Rs 4,880 million. The contract represents a significant project for both companies given the value involved.

NCC Limited will be responsible for carrying out the construction scope for Downtown 66 under the terms agreed with BPTP. The parties did not disclose a project timeline in the announcement and dates for commencement and completion remain pending as the parties finalise scheduling details. Details on subcontracting and procurement were not provided in the release. Commercial and contractual arrangements will be governed by the contract documents agreed by both companies.

The announced sum, Rs 4,880 million (Rs 4,880 mn), will be recorded in company accounts as the contract is executed. No further financial breakdown was included in the release and no guidance on margins or payment milestones was issued. The award is expected to be reflected in NCC Limited's order book once mobilisation begins. Shareholders and lenders may be updated as customary reporting requirements are met and as key milestones are reached.

The contract award adds to activity in the construction sector and expands NCC Limited's project pipeline. BPTP expects the project to progress in line with development schedules reported by the company and will monitor implementation through agreed governance mechanisms. Both firms indicated that they will provide further information as work commences and as project milestones are reached. The announcement underscores ongoing investment in urban development projects in the region.

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