Navratna stock jumps 3% after securing work order from IIM Sambalpur

SYNOPSIS: NBCC (India) secured a Rs. 179.37 crore project from IIM Sambalpur to provide project management consultancy services for Phase-II infrastructure development of its permanent campus.

During Friday’s trading session, shares of a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs, operating in the infrastructure segment, surged nearly 3 percent on BSE, after the company secured a work order worth over Rs. 179 crores.

At 12:26 p.m., shares of NBCC (India) Limited were trading in green at Rs. 111.1 on BSE, up by 2.6 percent, compared to its previous closing price of Rs. 108.25, with a market cap of Rs. 29,997 crores. The stock has delivered positive returns of more than 14 percent in one year, but has fallen by around 2 percent in the last one month.

What’s the News

According to the latest regulatory filings with the stock exchanges, NBCC (India) Limited has secured a new project worth around Rs. 179.37 crores from the Indian Institute of Management, Sambalpur. The order involves the Project Management Consultancy (PMC) services for the Phase-II infrastructure development of IIM Sambalpur’s permanent campus.

Earlier, on 16th November, the company received two orders with a combined value of around Rs. 345.04 crores from the Indian Institute of Technology (IIT), Mandi, and Kandla SEZ.

The order from IIT Mandi, valued at Rs. 332.99 crore, pertains to PMC services covering planning, design, and development for the construction of academic blocks, 2 BHK and 3 BHK residential housing, a student activity centre including a sports complex, and other associated infrastructure at the IIT Mandi campus in Kamand, Himachal Pradesh.

Meanwhile, the Rs. 12.05 crore order from Kandla SEZ relates to comprehensive annual maintenance services for the period 1 January 2026 to 31 December 2026. The scope includes day-to-day upkeep with manpower and materials across multiple facilities, such as housekeeping, horticulture, electrical, plumbing, carpentry and civil works, air-conditioning systems, CCTV and networking infrastructure, lifts, solar installations, diesel generators, fire-fighting vehicles, hygiene solutions, and mosquito management services.

Financials & More

NBCC reported a significant growth in its revenue from operations, showing a year-on-year increase of around 19 percent from Rs. 2,446 crores in Q2 FY25 to Rs. 2,910 crores in Q2 FY26. Similarly, its net profit during the same period increased from Rs. 125 crores to Rs. 157 crores, representing a rise of more than 25 percent YoY.

As of September 2025, the company’s consolidated order book stood at around Rs. 1.28 lakh crores. Of this, NBCC’s order book stood at nearly Rs. 1.12 lakh crore, while its subsidiaries HSCC, HSCL, and NSL contributed Rs. 8,368 crore, Rs. 7,185 crore, and Rs. 328 crore, respectively.

NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. It operates into three major segments, namely Project Management Consultancy (PMC), Real Estate and Engineering Procurement & Construction (EMC).

Under the PMC segment, the company undertakes institutional, housing, and industrial projects, including the redevelopment of government colonies and vacant plots, as well as infrastructure works such as roads, hospitals, medical colleges, offices, airports, and bridges, both in India and overseas.

The EPC division focuses on civil and structural works for the power sector, including chimneys and cooling towers. Meanwhile, the Real Estate Development segment encompasses the development of commercial and corporate office buildings, along with townships and residential apartments.

Written by Shivani Singh

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