NBCC Wins Rs 2.96 Bn Meerut Redevelopment Contract

27 Jun 2025 CW Team

Shares in NBCC (India) edged almost three per cent higher after the public‐sector engineering specialist secured a project-management consultancy mandate worth about Rs 2.96 billion from the Meerut Development Authority. The contract covers the redevelopment of several precincts in Meerut, Uttar Pradesh, and forms part of the city’s broader urban upgrade programme.

The award follows last week’s Rs 1.73 billion order from UCO Bank to design and deliver a green-rated high-rise headquarters in Kolkata’s New Town, reinforcing NBCC’s growing presence in the institutional building segment.

Investors have greeted the expanding order book positively. NBCC’s March-quarter results underline the momentum: net profit climbed 29 per cent year on year to Rs 1.76 billion, while revenue advanced 16 per cent to Rs 46.42 billion. Though operating margins remain slender, EBITDA improved to Rs 2.90 billion, nudging the margin up to 6.25 per cent from 6.09 per cent a year earlier.

With fresh wins spanning both public redevelopment and sustainable institutional projects, NBCC is consolidating its position as a key contributor to India’s infrastructure push.

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