Consolidated Construction Company Ltd has secured a major construction contract worth ₹112.50 crore from prominent real estate developer Lodha Developers. The Mumbai-based engineering and construction firm announced the contract award on Monday, marking another significant milestone in its ongoing partnership with the Lodha Group.

Project Details and Scope

The contract encompasses the construction of Tower 1 and associated non-tower ancillary structures at a residential development located in Alibaug near Mumbai. The project was awarded through a competitive bidding process, demonstrating NCCCL's competitive positioning in the construction sector.

Strategic Partnership with Lodha Group

This contract represents the third collaboration between New Consolidated Construction Company and the Lodha Group. The partnership has previously delivered successful projects including a residential development at Palava spanning approximately 13.00 lakh square feet across 11 towers, and a commercial building project in Thane.

The continued engagement with Lodha Developers highlights NCCCL's established track record and reliability in executing large-scale construction projects. The relationship demonstrates mutual confidence between the two companies in delivering quality construction solutions.

Company Background

Established in 1946, New Consolidated Construction Company Ltd operates as a comprehensive engineering and construction company based in Mumbai. The company specializes in diverse construction segments including:

• Residential projects
• Commercial developments
• Industrial facilities
• Institutional buildings

With nearly eight decades of experience in the construction industry, NCCCL has built a reputation for delivering complex construction projects across various sectors. The company's expertise spans the complete spectrum of construction activities, from planning and design to execution and completion.

Nisus Finance Services Co Limited announced that New Consolidated Construction Company Limited (NCCCL) has secured a substantial contract worth ₹112.50 crore for the construction of the first residential tower in Lodha's ambitious development project in Mandwa, Alibaug. This contract marks NCCCL's third engagement with the Lodha Group and represents a significant milestone for the construction company.

Project Specifications and Scope

The contract encompasses the construction of Tower 1 and associated non-tower ancillary structures at Lodha Alibaug, covering a total built-up area of approximately 7.26 lakh sq. ft. The project involves reinforced cement concrete (RCC) works for the core structural package, representing one of the most execution-intensive components of the high-rise residential development.

Construction Timeline and Methodology

Construction activities are scheduled to commence around mid-January 2026, with NCCCL committed to completing the project within approximately 24 months. The company will execute the construction using a monolithic RCC system with aluminium formwork (Aluform), a methodology widely adopted for high-rise residential projects requiring consistency, speed, and structural precision.

Strategic Partnership and Company Background

This mandate represents NCCCL's third collaboration with the Lodha Group, following successful completion of a residential project at Palava spanning approximately 13 lakh sq. ft. across 11 towers, and a commercial building in Thane. Mahesh Mudda, Vice Chairman and Managing Director of NCCCL, emphasized that the selection through competitive process underscores the importance placed on execution capability and planning discipline.

Established in 1946, NCCCL is a Mumbai-based engineering and construction company with extensive experience across residential, commercial, industrial, and institutional projects. The company is ISO 9001, ISO 14001, and OHSAS 18001 certified, following globally recognized standards for quality, environmental management, and occupational safety. In a significant development, Nisus Finance acquired a majority stake in NCCCL through a management-led buyout in August 2025.

Financial Impact and Market Position

The ₹112.50 crore contract value reflects the scale and complexity of the residential tower construction, positioning NCCCL as a key partner in Lodha's development plans for the Mandwa site. This project is expected to contribute meaningfully to NCCCL's order book and revenue pipeline over the next two years, strengthening its position in the premium real estate construction segment.