NBCC has announced securing new work orders worth ₹62.62 crore, marking another significant addition to its project portfolio. The orders encompass construction projects for NHPC and renovation projects for Odisha government universities.

Order Details

The company has won contracts across two key segments:

Strategic Significance

These new orders reinforce NBCC's strong presence in the government sector, particularly in infrastructure development and educational facility management. The diversified nature of the contracts demonstrates the company's capability to handle different types of construction and renovation projects.

Market Position

The successful acquisition of these orders highlights NBCC's competitive positioning in securing government contracts. The company continues to leverage its expertise in public sector projects, with these new additions expected to contribute to its ongoing revenue streams.

The orders span across power sector infrastructure through NHPC projects and educational infrastructure through Odisha university renovations, showcasing the company's versatility in handling diverse project requirements.

NBCC (India) Limited has informed stock exchanges about receiving tax demand orders from Central Goods and Services Tax (CGST) authorities totaling ₹94.51 crores, including penalties and interest. The company disclosed this information under Regulation 30 of SEBI Listing Regulations on January 20, 2026.

Tax Demand Details

The company received orders from two different CGST authorities with varying demand amounts and violation allegations:

*Total demand including penalty for overseas work

Nature of Violations

The tax authorities have raised demands based on different grounds. The Principal Commissioner of Central Goods & Service Tax, Delhi South Commissionerate issued demands related to two overseas projects executed by NBCC as Project Management Consultant (PMC) in overseas countries. These projects have been completed and handed over to overseas recipients.

The second authority, GSTO Ward 115, Zone 12, raised demands for FY 2021-22 focusing on Input Tax Credit (ITC) issues:

• ITC apportionment requirements under Rules 42 and 43 of CGST Rules
• Reversal of proportionate ITC attributable to exempt supplies
• ITC reversal for claims from cancelled dealers, return defaulters, and tax non-payers

Timeline and Company Response

NBCC received the tax demand orders on December 26, 2025, and December 31, 2025, respectively. The company has stated it is in the process of taking necessary steps to file appeals against both orders before the appropriate authorities.

Financial Impact Assessment

Despite the substantial demand amount of ₹94.51 crores, NBCC has indicated it does not anticipate any material impact on its financial, operational, or other business activities as a result of these orders. The company's confidence appears to stem from its plan to challenge these demands through the appellate process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NBCC provided detailed information as required under Para A of Part A of Schedule III, ensuring transparency with stakeholders about the tax proceedings. The company has also made this information available on its official website for public access.