NBCC Ltd Secures Major Orders from SAIL Rourkela and NLC India

NBCC Ltd, a prominent Navratna Public Sector Undertaking (PSU) under the Ministry of Housing and Urban Affairs, has recently secured significant orders from SAIL Rourkela and NLC India. These orders, totaling approximately Rs. 104.95 crore, highlight the company's continued growth and its key role in India's infrastructure development.

NBCC operates in three major segments: Project Management Consultancy (PMC), Engineering Procurement & Construction (EPC), and Real Estate Development. The company's shares, which have a market capitalization of Rs. 26,503 crore, were trading at Rs. 98.16 per share during the latest market session, down by over 2% from its previous close of Rs. 99.87 per share.

The stock has shown mixed performance over different periods. It has gained 20% over the past year, but has declined 19% year-to-date, 7% over the last six months, and 4% in the past month. Despite these fluctuations, the recent orders are expected to bolster investor confidence and provide a positive outlook for the company.

The first order, valued at about Rs. 14.72 crore, has been awarded by Rourkela Steel Plant (SAIL). The scope of this project includes the development of sports infrastructure, lagoon de-silting, repair or replacement of lagoon gates, and the renovation and upgradation of six conventional operation theatres into a modular OT complex at Ispat General Hospital in Rourkela. This project will be executed on a domestic basis and falls under NBCC’s PMC segment.

The second and larger order, worth approximately Rs. 90.23 crore, has been awarded by NLC India Limited. NBCC has been appointed as the Project Management Consultant for the construction of a Rehabilitation and Resettlement (R&R) colony for the Pachwara South Open Cast Project of Neyveli Uttar Pradesh Power Limited (NUPPL) in Jharkhand. This order adds to NBCC's execution pipeline and underscores the continued traction in PSU-led infrastructure and social development projects.

NBCC (India) Ltd is a Government of India-owned Navratna PSU, primarily engaged in PMC, real estate development, and EPC contracting. The company plays a crucial role in urban infrastructure development, redevelopment projects, and public-sector construction across India.

In Q3 FY26, NBCC reported steady top-line growth with revenue rising 8% YoY to Rs. 3,022 crore compared to Rs. 2,809 crore in Q3 FY25. However, operating performance weakened, with EBITDA declining 21% to Rs. 114 crore from Rs. 144 crore, reflecting margin pressure. Net profit grew strongly by 39% YoY to Rs. 197 crore from Rs. 142 crore, and EPS also increased 39% YoY to Rs. 0.71.

The company has full ownership of four subsidiaries: HSCC, NSL, NBCC Overseas Real Estate LLC, and NBCC DWC-LLC, each held at 100%, while it maintains a majority stake of 51% in HSCL. This structure reflects complete control over most entities, with only HSCL involving partial ownership.

NBCC's consolidated order book stands at Rs. 1,26,790 crore, led by NBCC (India) Limited with Rs. 1,12,640 crore. This is supplemented by HSCC (India) Limited at Rs. 7,827 crore, HSCL at Rs. 6,016 crore, and NSL at Rs. 307 crore, providing strong revenue visibility for the future.

These recent orders from SAIL Rourkela and NLC India are expected to further strengthen NBCC’s position in the market and contribute to its long-term growth and profitability.