₹1.28 Lakh Cr Order Book: PSU stock bags redevelopment project at Mumbai Port; Shares surge 4%

Synopsis: A PSU stock surged 4% after signing an MoU for a 25-acre redevelopment project at Mumbai Port. Strong Q2FY26 performance saw revenue rise 19% to ₹2,910 crore and profit jump 26% to ₹157 crore, backed by a robust ₹1.28 lakh crore order book.

The shares of the prominent public sector undertaking gained up to 4 percent in today’s trading session after the company signed a Memorandum of Understanding Board of Mumbai Port Authority.

With a market capitalisation of Rs 32,440.50 crore, the shares of NBCC (India) Ltd were trading at Rs 120.15 per share, increasing around 3.40 percent as compared to the previous closing price of Rs 116.15 apiece.

Memorandum of Understanding

The shares of NBCC (India) Ltd have seen positive movement after signing a Memorandum of Understanding Board of Mumbai Port Authority for the development of the CGO Complex on 25 acres at Mumbai Port’s land, as deposit work on a turnkey basis. NBCC will serve as the Project Management Consultant for the said works. 

Significant Order

Recently, the company received two contracts of different profiles. The  Rs 332.99 crore IIT Mandi assignment enhances its presence in large-scale educational infrastructure through comprehensive project management services, while the  Rs 12.05 crore Kandla SEZ contract adds steady, annuity-style revenue via maintenance services, supporting earnings visibility and diversification.

Financial & Operational Highlights

In Q2FY26, performance signals healthy business momentum. Revenue grew 19% year-on-year to ₹2,910 crore, driven by strong demand and execution. Net profit rose 26% to ₹157 crore, reflecting better cost control and margin expansion. Overall, the numbers point to improving operational efficiency and strengthening underlying fundamentals.

NBCC’s Q2 FY26 performance clearly highlights a strategic pivot. NBCC (India) Ltd saw its core PMC segment grow 26.96% to Rs 2,049 crore, driving overall stability. In contrast, Real Estate revenue plunged 91.88% and EPC fell 78.53%, underscoring a deliberate shift toward asset-light, higher-margin PMC operations over capital-intensive businesses.

NBCC is a leading Government of India enterprise specialising in project management consultancy, engineering, and real estate development. With a strong order book and expertise in large-scale urban redevelopment, infrastructure, and institutional projects, the company plays a key role in shaping India’s construction landscape while steadily expanding its PMC-driven growth model.

NBCC’s consolidated order book of ₹1,28,381 crore as of 30 September 2025 highlights strong revenue visibility and long-term growth confidence. The core NBCC business leads with ₹1,12,500 crore, supported by HSCC (₹8,368 crore), HSCL (₹7,185 crore) and NSL (₹328 crore), reflecting sustained demand, diversified execution capabilities, and steady earnings momentum ahead.

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