NCCCL Secures ₹112.50 Crore Contract from Lodha Developers for Alibaug Project
New Consolidated Construction Company Ltd (NCCCL) has secured a significant contract worth ₹112.50 crore from Lodha Developers. The Mumbai-based engineering and construction firm announced the contract award, which marks another milestone in its ongoing partnership with the Lodha Group. The project involves the construction of Tower 1 and associated non-tower ancillary structures at a residential development in Alibaug near Mumbai.
The contract encompasses the construction of a residential tower and ancillary structures covering a built-up area of approximately 7.26 lakh square feet. The project was awarded through a competitive bidding process, highlighting NCCCL's competitive positioning in the construction sector. The construction is scheduled to begin in mid-January 2026 and is expected to be completed within 24 months.
This marks the third collaboration between NCCCL and the Lodha Group. Previously, the two companies successfully completed a residential development at Palava, which spanned approximately 13.00 lakh square feet across 11 towers, and a commercial building project in Thane. The continued engagement with Lodha Developers underscores NCCCL's established track record and reliability in executing large-scale construction projects.
Established in 1946, NCCCL operates as a comprehensive engineering and construction company based in Mumbai. The company specializes in various construction segments, including residential projects, commercial developments, industrial facilities, and institutional buildings. With nearly eight decades of experience in the construction industry, NCCCL has built a reputation for delivering complex construction projects across different sectors. The company's expertise spans the entire spectrum of construction activities, from planning and design to execution and completion.
The ₹112.50 crore contract value reflects the scale and complexity of the residential tower construction, positioning NCCCL as a key partner in Lodha's development plans for the Mandwa site. This project is expected to contribute significantly to NCCCL's revenue and further solidify its market position in the construction sector. Mahesh Mudda, Vice Chairman and Managing Director of NCCCL, emphasized that the selection through a competitive process underscores the importance placed on execution capability and planning discipline.
NCCCL's strategic partnership with Lodha Developers has been strengthened by the company's ISO 9001, ISO 14001, and OHSAS 18001 certifications, which ensure adherence to globally recognized standards for quality, environmental management, and occupational safety. In a significant development, Nisus Finance acquired a majority stake in NCCCL through a management-led buyout in August 2025, further enhancing the company's financial and operational capabilities.
