NBCC (India) Secures ₹252.80 Cr Work Order for GMAPV Scheme Phase-II Across 46 Schools in Odisha

1 min read     Updated on 09 May 2026, 08:51 AM
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AI Summary

NBCC (India) Limited, a Navratna CPSE, has been awarded a work order worth approximately ₹252.80 Cr (excluding GST) by the Odisha School Education Programme Authority for implementing the Godabarisha Mishra Adarsha Prathamika Vidyalaya (GMAPV) Scheme (Phase-II) across 46 schools in different districts of Odisha. The domestic Project Management Consultancy contract, disclosed on May 08, 2026, involves no related party transactions and no specified execution timeline.

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NBCC (India) Limited , a Navratna Central Public Sector Enterprise (CPSE) and Government of India enterprise, has received a work order worth approximately ₹252.80 Cr (excluding GST) from the Odisha School Education Programme Authority, Bhubaneswar, Odisha. The order was intimated to the stock exchanges on May 08, 2026, under Regulation 30, as part of the company's ordinary course of business.

Order Overview

The work order pertains to the implementation of the Godabarisha Mishra Adarsha Prathamika Vidyalaya (GMAPV) Scheme (Phase-II) across 46 schools in different districts of Odisha. The contract is domestic in nature and has been classified under Project Management Consultancy services. The key details of the order are summarised below:

Parameter: Details
Client: Odisha School Education Programme Authority, Bhubaneswar, Odisha
Scope of Work: Implementation of GMAPV Scheme (Phase-II) in 46 Schools across different districts of Odisha
Order Value (Excl. GST): Approx. ₹252.80 Cr
Nature of Contract: Project Management Consultancy
Order Type: Domestic
Related Party Interest: N/A

Contract Details

As disclosed in the regulatory filing, the order has been awarded by a domestic entity — the Odisha School Education Programme Authority — with no involvement of the promoter, promoter group, or group companies in the awarding entity. The contract does not fall within the purview of related party transactions. The execution timeline for the order has not been specified in the disclosure.

Business Context

NBCC (India) Limited, certified under IS/ISO 9001:2015 for providing Project Management Consultancy and execution of projects, has described this order as being in the normal course of business. The company's registered and corporate office is located at NBCC Bhawan, Lodhi Road, New Delhi-110003. The announcement was signed by Deepti Gambhir, Company Secretary (F-4984), on May 08, 2026.

Historical Stock Returns for NBCC

1 Day5 Days1 Month6 Months1 Year5 Years
+3.91%+9.81%+19.58%-11.24%+4.94%+243.13%

Could this Odisha school infrastructure contract signal a broader pipeline of state government education projects for NBCC, and how might it impact the company's order book growth trajectory for FY2027?

How does NBCC's Project Management Consultancy model for school infrastructure compare in profitability to its direct construction execution contracts, and what margins can investors expect from this ₹252.80 Cr order?

With Phase-II of the GMAPV Scheme covering 46 schools, is there a potential Phase-III or expansion opportunity across more Odisha districts that NBCC could target?

NBCC Independent Director Shri Rajeev Kumar Ceases from Directorship Upon Completion of Tenure

1 min read     Updated on 09 May 2026, 04:53 AM
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AI Summary

NBCC (India) Limited, a Navratna CPSE, has disclosed the cessation of Independent Director Shri Rajeev Kumar (DIN: 01610012) upon completion of tenure on May 08, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The company confirmed no other reason for the cessation, with Company Secretary Deepeti Gambhir filing the disclosure on the same date.

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NBCC (India) Limited , a Navratna Central Public Sector Enterprise and Government of India enterprise, has informed the stock exchanges of a change in its Board of Directors. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has disclosed that its Independent Director, Shri Rajeev Kumar, has ceased from Directorship upon completion of his tenure.

Board-Level Change at NBCC

The cessation took effect on May 08, 2026, as communicated through a formal intimation filed with the exchanges on the same date. The development was also in reference to NBCC's earlier intimation dated May 10, 2025, which had previously notified the exchanges regarding the scheduled completion of tenure.

The key details of the directorship cessation are summarised below:

Parameter: Details
Director Name: Shri Rajeev Kumar
DIN: 01610012
Designation: Independent Director
Date of Cessation: May 08, 2026
Reason for Cessation: Completion of Tenure
Regulatory Reference: Regulation 30, SEBI (LODR) Regulations, 2015

No Other Reason Cited

NBCC has explicitly stated that there is no other reason for the cessation of Shri Rajeev Kumar's directorship beyond the completion of his tenure. The company's Company Secretary, Deepeti Gambhir (F-4984), signed and filed the disclosure on behalf of NBCC (India) Limited. The announcement has also been made available on the company's official website at https://www.nbccindia.in/webEnglish/announcementNotices for public information and record.

Historical Stock Returns for NBCC

1 Day5 Days1 Month6 Months1 Year5 Years
+3.91%+9.81%+19.58%-11.24%+4.94%+243.13%

Who is likely to be appointed as the replacement Independent Director at NBCC, and what profile or expertise is the company seeking to fill the vacancy?

How might the temporary reduction in independent board representation affect NBCC's corporate governance ratings and investor confidence in the near term?

Given NBCC's Navratna status and government ownership, what role does the Ministry of Housing and Urban Affairs play in approving or recommending new Independent Director appointments?

More News on NBCC

1 Year Returns:+4.94%