NCC Limited announced on December 31 that it has secured four new orders with a combined value of ₹1,237.24 crore (excluding GST) during December. The infrastructure company made this disclosure through a regulatory exchange filing, highlighting continued momentum in securing significant projects across its core business segments.

Order Distribution Across Divisions

The newly secured orders demonstrate NCC Limited's diversified project portfolio across its operational divisions:

The Buildings Division secured the larger portion, accounting for approximately 57% of the total value, while the Transportation Division contributed the remaining 43%. The company clarified that these orders were received in the normal course of business and do not include any internal contracts.

Recent Project Wins and Market Performance

Last month, NCC secured a significant letter of acceptance for an order worth ₹2,062.71 crore from the Public Works (Health & Education) Department, Assam. This project involves expanding and modernizing Gauhati Medical College & Hospital in Guwahati, further strengthening the company's healthcare infrastructure portfolio.

Shares of NCC ended at ₹160.38 apiece on December 31, declining 3.47% on the NSE. Despite the recent order wins, the stock faced pressure amid broader market movements.

Financial Performance Overview

The company reported challenging second-quarter results for the period ended September 30:

While revenue and EBITDA declined year-on-year, the company managed to expand its EBITDA margin by 20 basis points to 8.70% from 8.50% in the corresponding quarter of the previous year.

Strategic Outlook

The December order wins contribute to NCC Limited's project pipeline and demonstrate the company's continued ability to secure substantial contracts across its operational segments. The balanced distribution between Buildings and Transportation divisions showcases NCC's capability to execute diverse infrastructure projects simultaneously, positioning the company for revenue generation in upcoming periods as project execution progresses.

NCC Limited has announced the appointment of Sumit Banerjee as Additional Non-Executive Independent Director, marking a significant addition to its Board leadership. The appointment was approved during a Board meeting held on December 17, 2025, following recommendations from the company's Nomination and Remuneration Committee.

Appointment Details

The Board has appointed Banerjee for a five-year term effective January 1, 2026, through December 31, 2030. The appointment is subject to shareholder approval, for which the Board has approved a Notice of Postal Ballot.

Professional Background

Banerjee brings extensive experience to NCC's Board, with over four decades in management and leadership roles across major Indian corporations. He holds a Bachelor's degree in Technology (Mechanical Engineering) from the Indian Institute of Technology, Kharagpur.

His educational credentials include:

• Leading Change and Organizational Renewal programme from Harvard Business School
• Management education programme from Indian Institute of Management, Ahmedabad

Corporate Experience

Banerjee has served in management positions at several renowned corporations, demonstrating his expertise across diverse industrial sectors:

• ACC Limited - Management role
• Reliance - Leadership position
• Hindalco - Management capacity
• Larsen & Toubro - Senior management role

His professional achievements include receiving the Corporate Citizen of the Year award at the CNBC-TV18 Indian Business Leader Awards in 2009, recognizing his contributions to corporate leadership and social responsibility.

Regulatory Compliance

NCC confirmed that Banerjee has not been debarred from holding the office of Director by any order issued by SEBI or any other regulatory authority, ensuring compliance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018.

Board Meeting Details

The Board meeting that approved the appointment commenced at 11:15 AM and concluded at 11:30 AM on December 17, 2025. The company has filed the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with both NSE and BSE.

The appointment strengthens NCC's Board composition with Banerjee's extensive industrial experience and educational background, pending final approval from shareholders through the postal ballot process.