NBCC Secures Rs 586.1 mn Order From Odisha University

27 Mar 2026 CW Team

NBCC clarified that neither its promoter nor group companies hold any interest in the awarding entity and that the contract does not qualify as a related party transaction. The company operates across three major segments: project management consultancy, real estate, and engineering procurement and construction. In its role as project management consultant NBCC will be responsible for planning, coordination, quality assurance and contractor oversight to ensure delivery in line with grant conditions and institutional requirements.

Financially, NBCC reported that consolidated net profit rose 38.5 per cent to Rs 1,972.2 million (mn) in the third quarter of fiscal year 2026 compared with the same period a year earlier, supported by a rise in revenue from operations to about Rs 30.224 billion (bn). The company attributed the growth to steady execution across its businesses. The announcement coincided with a market reaction that saw the share price fall 5.73 per cent to close at Rs 79.10 on the BSE.

The award is consistent with NBCC's focus on institutional and infrastructure projects and is expected to reinforce its presence in eastern India. As project management consultant the company is likely to draw on established processes for contract management, compliance and stakeholder coordination to progress the scheme within grant parameters. Execution details and the specific timeline will be finalised with the awarding entity, and NBCC will disclose further information as it becomes available.

NBCC (India) has been awarded a project management consultancy contract by Maharaja Sriram Chandra Bhanja Deo University in Baripada, Mayurbhanj, Odisha, to oversee construction of academic and ancillary buildings together with internal roads and drainage networks. The scope encompasses associated electrical and mechanical works and will be delivered under an Infrastructure Development Grant. The contract has been valued at approximately Rs 586.1 million (mn) and has been awarded by a domestic entity, with an execution timeline to be specified. NBCC clarified that neither its promoter nor group companies hold any interest in the awarding entity and that the contract does not qualify as a related party transaction. The company operates across three major segments: project management consultancy, real estate, and engineering procurement and construction. In its role as project management consultant NBCC will be responsible for planning, coordination, quality assurance and contractor oversight to ensure delivery in line with grant conditions and institutional requirements. Financially, NBCC reported that consolidated net profit rose 38.5 per cent to Rs 1,972.2 million (mn) in the third quarter of fiscal year 2026 compared with the same period a year earlier, supported by a rise in revenue from operations to about Rs 30.224 billion (bn). The company attributed the growth to steady execution across its businesses. The announcement coincided with a market reaction that saw the share price fall 5.73 per cent to close at Rs 79.10 on the BSE. The award is consistent with NBCC's focus on institutional and infrastructure projects and is expected to reinforce its presence in eastern India. As project management consultant the company is likely to draw on established processes for contract management, compliance and stakeholder coordination to progress the scheme within grant parameters. Execution details and the specific timeline will be finalised with the awarding entity, and NBCC will disclose further information as it becomes available.

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