Navratna NBCC Wins ₹220.31-Cr Orders; Q2 Net Profit Jumps 26%

State-owned Navratna PSU NBCC (India) Limited has announced securing three new domestic project management consultancy orders worth ₹220.31 crores from prominent clients including Canara Bank and Navodaya Vidyalaya Samiti. The company also reported strong Q2 financial performance with consolidated net profit growing 26% year-on-year.

Order Breakdown

The three orders span across different states and involve diverse construction projects, demonstrating NBCC's capability to handle varied infrastructure requirements.

Project Details:	Client	Location	Value (₹ Cr)
Head Office Annex Building Construction:	Canara Bank	Bengaluru, Karnataka	163.12
Boys Dormitory with Warden Residences:	Navodaya Vidyalaya Samiti	Jalna, Maharashtra	9.01
Permanent Campus Construction:	Navodaya Vidyalaya Samiti	Medchal, Malkajgiri, Telangana	48.18
Total Order Value:			220.31

Major Projects Overview

The largest contract involves planning, designing, and execution of construction of Head Office Annex Building for Canara Bank at Rachanahalli Village, Manyatha Tech Park, Bengaluru, valued at ₹163.12 crores. This represents the most significant portion of the total order value and showcases NBCC's capability in handling major corporate infrastructure projects.

The two orders from Navodaya Vidyalaya Samiti, an autonomous body under the Ministry of Education, include construction of educational infrastructure - a boys dormitory with four warden residences in Maharashtra worth ₹9.01 crores and a permanent campus in Telangana valued at ₹48.18 crores.

Q2 Financial Performance

The company delivered strong financial results for Q2, demonstrating robust operational execution across its project portfolio.

Financial Metrics:	Q2 Current	Q2 Previous	Growth (%)
Consolidated Net Profit:	₹153.50 cr	₹122.00 cr	+26%
Revenue from Operations:	₹2,910.20 cr	₹2,446.00 cr	+19%
EBITDA:	₹100.80 cr	₹100.30 cr	Marginal increase
Operating Margins:	3.50%	4.00%	Slight contraction

Business Impact and Market Performance

All three orders are classified as domestic project management consultancy contracts, reinforcing NBCC's strong position in India's construction sector. The company confirmed that promoters, promoter group and group companies have no interest in the entities awarding these projects, and the contracts do not qualify as related-party transactions.

Shares of NBCC closed at ₹121.70 apiece, down 0.18% from the day's opening. The secured orders provide visibility for future revenue streams and demonstrate continued client confidence in NBCC's construction and project management capabilities across different sectors including banking and education infrastructure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.12%	+4.73%	+4.35%	-0.77%	+38.09%	+521.28%

State-owned NBCC (India) Ltd has successfully completed a major e-auction of residential units from the stalled Amrapali Group projects, generating significant revenue through the sale of 417 homes in Noida and Greater Noida. The transaction marks a substantial milestone in the company's ongoing efforts to resolve one of India's largest real estate disputes.

Auction Details and Financial Impact

The e-auction covered residential units across two key locations, generating substantial revenue for the project completion initiative.

Parameter:	Details
Total Units Sold:	417 residential units
Total Sale Value:	₹1,045.40 crore
NBCC Marketing Fee:	1% of sale value
Location 1:	Aspire Leisure Valley, Greater Noida (W)
Location 2:	Aspire Silicon City, Ph-IV, Sec-76, Noida, UP

The company announced the successful completion of the e-auction through a regulatory filing, though it did not disclose the names of the buyers who acquired these residential units.

Supreme Court Mandate and ASPIRE Initiative

The sale forms part of a larger Supreme Court-directed initiative to resolve the Amrapali Group's stalled housing projects. Following the court's directions, the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was established to oversee the completion of these stuck developments through NBCC's project management expertise.

Under this mandate, NBCC has been tasked with completing and delivering 38,000 flats to homebuyers who had invested in various Amrapali projects. The current auction represents a significant step toward fulfilling this substantial commitment to affected homebuyers.

Expanded Development Portfolio

Beyond the core mandate of completing 38,000 units, NBCC has expanded its involvement in the Amrapali resolution process. The company is currently developing more than 10,000 additional apartments across five ongoing Amrapali projects in Greater Noida, following approval from local authorities to utilize previously unused land parcels.

This expanded development scope serves a dual purpose:

Maximizing the utilization of available land resources
Generating additional revenue to finance construction costs for the mandated project completions
Providing more housing options in the Greater Noida region

Strategic Business Implications

NBCC, which operates in both project management consultancy (PMC) and real estate development, is leveraging the revenue generated from these additional unit sales to finance the construction costs of completing the original 38,000 units. This self-financing model helps ensure the sustainability of the project completion initiative while minimizing the financial burden on the company.

The successful auction demonstrates NBCC's ability to execute large-scale real estate transactions and manage complex project portfolios under challenging circumstances. The 1% marketing fee structure provides the company with additional revenue while maintaining focus on the primary objective of completing stalled projects for affected homebuyers.