Noida Toll Bridge Company Limited (NTBCL) has officially announced through a media release that its DND Flyway upgradation project will be delayed until February 2026. The infrastructure company cited GRAP-IV restrictions and technical temperature requirements as primary factors affecting the construction timeline.

Official Project Timeline Update

NTBCL had initially planned to complete the DND Flyway upgradation work between December 2025 and January 2026. The company had commenced preliminary activities in the third week of October 2025 after completing all preparatory work, including material procurement, manpower allocation, and detailed execution plans for the entire stretch.

Impact of GRAP-IV Restrictions

The Graded Response Action Plan (GRAP-IV) measures, implemented due to hazardous air quality conditions across the National Capital Region, have significantly impacted the project timeline. Road improvement work is classified as polluting activity and cannot be undertaken while GRAP-IV restrictions are in force.

The statutory restrictions under GRAP-IV have prohibited upgradation activities and allied work, resulting in the work commencement timeline being pushed from October to December 2025, creating a delay of nearly five weeks.

Technical Temperature Requirements

Beyond regulatory restrictions, NTBCL revealed that certain upgradation work originally scheduled for November cannot be carried out in the cold December temperatures prevalent in the NCR region. These specific construction activities require particular temperature environments for proper completion.

The company emphasized that continuation of work in the absence of suitable environmental conditions may lead to sub-par outcomes, necessitating the postponement of this phase to January 2026.

Company's Commitment and Compliance

As a responsible infrastructure operator, NTBCL stated it remains fully compliant with all applicable directives issued by authorities. The company expressed its firm commitment to maintaining DND Flyway to world-class infrastructure standards, ensuring commuter safety and smooth traffic movement.

Once GRAP-IV measures are lifted and conditions become conducive for road upgradation activities, the work is expected to be completed within approximately five weeks, which may extend the completion timeline into February 2026. The company assured stakeholders that any adjustments to timelines arising from external factors are temporary in nature and committed to keeping stakeholders and commuters appropriately informed as the situation evolves.

Noida Toll Bridge Company Limited (NTBCL) has reported a significant turnaround in its financial performance for the second quarter of fiscal year 2026 (Q2FY26), marking a return to profitability after previous year losses. The company, which operates the Delhi-Noida Direct (DND) Flyway, has also reaffirmed its commitment to maintaining the critical infrastructure despite ongoing financial constraints.

Financial Highlights

NTBCL's financial results for Q2FY26 and H1FY26 show a marked improvement over the previous year:

The company's standalone performance also showed improvement, with Q2FY26 revenue at ₹11.67 crore, up 8.96% from the previous year, and a profit after tax of ₹3.84 crore compared to a loss in Q2FY25.

Operational Updates

Despite financial challenges, NTBCL continues to prioritize the maintenance and safety of the DND Flyway, which serves over 2.5 lakh daily commuters. The company has initiated road repair work, including BC, SDMC, micro-surfacing, and electrical repairs on critical sections of the carriageway. This maintenance work is expected to be completed by January 2026.

Revenue Streams and Commitments

Advertising revenue remains the primary income source for NTBCL, supporting regular maintenance, security, and financial commitments. In H1FY26, the company shared ₹1.70 crore of revenue with Noida Authority from its advertising as part of the concession agreement.

Legal Developments

The company received interim relief from the Delhi High Court regarding its advertising operations. The court has restrained NOIDA Authority from taking coercive action against NTBCL or disrupting its advertisement displays, which the company maintains are lawful and essential for maintaining the DND Flyway and meeting financial obligations.

Board Decisions and Future Outlook

The Board of Directors has approved an increase in remuneration for Executive Director CEO Dheeraj Kumar, effective December 5, 2025, subject to shareholder approval through postal ballot. Additionally, the Board has reiterated the company's appeal for ₹100 crore in structural repair support from the Noida Authority and Delhi Administration, citing the 25-year-old flyway's need for significant refurbishment to maintain safety and service quality.

NTBCL remains committed to acting in the best interests of its over 60,000 retail shareholders, who collectively hold nearly 70% of the company's equity, while maintaining transparency, compliance, and accountability.

As NTBCL navigates its financial recovery, the company's focus on essential infrastructure maintenance and its ability to leverage advertising revenue appears to be contributing to its improved financial performance. The ongoing legal and regulatory challenges, however, underscore the complex operating environment in which the company continues to operate the crucial DND Flyway connecting Delhi and Noida.