NBCC Wins Rs 345 Crore Order from IIT Mandi and Kandla SEZ
On December 16, 2025, NBCC (India) Limited, a state-owned construction major, announced a significant achievement in securing fresh business orders totaling Rs 345.04 crore. This announcement comes as part of the company’s ongoing efforts to expand its order book, particularly within its Project Management Consultancy (PMC) division. Despite this positive development, the stock market reaction was less favorable, with shares of NBCC closing 3.04 percent lower at Rs 111.80 on the Bombay Stock Exchange (BSE).
Details of the New Orders
The largest portion of the new mandate, valued at approximately Rs 332.99 crore, is awarded by the Indian Institute of Technology (IIT), Mandi. This contract involves comprehensive planning, design, and development of various facilities at the institute’s Kamand campus in Himachal Pradesh. The scope of work includes:
- Development of academic blocks
- Construction of student housing (2 BHK & 3 BHK)
- Establishment of a student activity center
- Development of a sports complex
In addition to the IIT Mandi project, NBCC has also secured a smaller contract worth Rs 12.05 crore from the Kandla Special Economic Zone (SEZ). This contract entails comprehensive annual maintenance work for the year 2026, which covers a wide range of services including:
- Civil works
- Horticulture
- Housekeeping
- Electrical maintenance
Recent Performance and Market Reaction
Despite the positive news regarding new contracts, market sentiment remained tepid. On the day of the announcement, NBCC’s stock price fell from Rs 115.30 to Rs 111.80. However, it is noteworthy that the stock has appreciated nearly 20 percent in 2025 so far, indicating a general upward trend despite the recent dip.
Previous Contracts and Achievements
Before the recent order from IIT Mandi and Kandla SEZ, NBCC had already demonstrated a strong performance in December. On December 11, the company secured orders worth Rs 289.39 crore, which included:
- A significant contract worth Rs 255.50 crore from the National Aluminium Company Limited (NALCO) for development and construction works at their office and township.
- A Rs 33.89 crore project for the desilting of a cooling pond at Steel Authority of India Limited (SAIL) Bokaro.
Earlier in the month, on December 3, NBCC reported a substantial win of Rs 665.38 crore. This included a major project for the redevelopment of Tulsi Niketan in Ghaziabad, valued at Rs 642.82 crore, commissioned by the Ghaziabad Development Authority. Other projects in this cluster involved renovation and construction works for various educational institutions, including:
- The Institute of Cost Accountants of India (ICAI)
- The National Forensic Science University (NFSU)
- The Institute of Company Secretaries of India (ICSI)
Conclusion
NBCC’s recent achievements highlight the company’s ongoing efforts to secure significant contracts that contribute to its growth and expansion in the construction sector. While the immediate market reaction was not favorable, the long-term outlook remains positive, given the substantial contracts awarded in December alone. Investors and stakeholders are encouraged to monitor the company’s performance closely as it continues to navigate the challenges and opportunities in the construction industry.
Note: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
