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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Infrastructure Transport

26 Jun 2026

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Infrastructure Urban

26 Jun 2026

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..