NBCC (India) Ltd has secured two major education infrastructure contracts in Odisha, strengthening its position in the government construction sector. The combined value of these contracts stands at ₹134.05 crore (excluding GST), marking a significant addition to the company's project pipeline.

Contract Details

The two contracts span different aspects of educational infrastructure development in Odisha, covering both higher education and primary school segments.

University Infrastructure Project

The first contract involves comprehensive construction, repair, and renovation work at Maharaja Sriram Chandra Bhanja Deo University, located in Baripada, Mayurbhanj. This project falls under the PM-USHA (Pradhan Mantri Uchchatar Shiksha Abhiyan) scheme, a central government initiative aimed at improving higher education infrastructure.

Primary Education Development

The second contract focuses on civil works implementation under the Godabarisha Mishra Adarsha Prathamika Vidyalaya Scheme. This project, commissioned by the Odisha School Programme Authority in Bhubaneswar, represents a substantial investment in primary education infrastructure.

Strategic Significance

These contracts reinforce NBCC's strong presence in the education infrastructure sector and demonstrate the company's ability to secure substantial government projects. The projects span both higher education and primary education segments, showcasing the company's versatility in handling diverse educational infrastructure requirements. The contracts also highlight NBCC's continued expansion in eastern India, particularly in Odisha, where the company is contributing to the state's educational development goals through these significant infrastructure investments.

NBCC (India) Limited has secured work orders worth ₹134.05 crores for educational infrastructure projects in Odisha. The state-owned Navratna PSU announced these contract wins through regulatory filings, marking significant additions to its project portfolio in the eastern region.

Project Details and Contract Breakdown

The company received contracts from two government entities in Odisha for educational infrastructure development. Both orders involve project management consultancy services and will be executed as part of NBCC's regular business operations.

Contract Specifications

The first project involves construction, repair, and renovation work at MSCB University under the PM-USHA (Pradhan Mantri Uchchatar Shiksha Abhiyan) scheme in Baripada, Mayurbhanj district. The second contract focuses on implementing civil works under the Godabarisha Mishra Adarsha Prathamika Vidyalaya Scheme, a state government initiative for primary school development.

Recent Business Performance

These latest orders follow NBCC's strong order acquisition momentum. The company had previously secured three domestic orders worth ₹220.31 crores, including a ₹163.12 crore contract from Canara Bank for constructing its head office at Manyata Tech Park in Bengaluru, and additional orders from Navodaya Vidyalaya Samiti worth ₹57.19 crores for projects in Maharashtra and Telangana.

Stock Performance and Market Impact

Shares of NBCC (India) Limited declined by 2.46% to close at ₹119.65 following the announcement. Despite the stock's performance, the combined order value represents significant business growth for the company in the educational infrastructure segment. All contract values are exclusive of GST and fall within the company's normal course of business operations.

Regulatory Compliance

NBCC has fulfilled its disclosure obligations by providing detailed information about both contracts to stock exchanges. The company confirmed that neither contract involves related party transactions, and there are no promoter group interests in the awarding entities, ensuring transparency in its business operations.