Shares of NCC Ltd surged over 6% on Tuesday, September 16, after the infrastructure major announced that it has received a Letter of Acceptance from the Water Resources Department, Bihar, for the construction of the Barnar Reservoir Scheme in Jamui district.
At 9:07 a.m., the stock was trading at ₹222 on NSE, up 6.36% or ₹13.28 from the previous close. On Monday, NCC shares had ended 1.63% higher at ₹212.10 on the BSE, taking the company’s market capitalization to ₹13,316 crore.
Project details
The new contract, valued at approximately ₹2,090.5 crore excluding GST, includes construction of the reservoir, dam structures, irrigation channels, and associated works. According to the company’s filing, the project involves a 30-month construction phase followed by a 60-month defect liability period.
This project further strengthens NCC’s order book, adding to its growing list of infrastructure wins across the country.
Recent order flow
The Barnar Reservoir award comes on the heels of other significant contracts:
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In June, NCC secured ₹1,690.5 crore building division orders from state government agencies and a private company.
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Around the same time, the company won a ₹2,269 crore order from the Mumbai Metropolitan Region Development Authority for Metro Line 6, covering rolling stock, signalling systems, telecom, and depot machinery.
Financial backdrop
Despite these robust inflows, NCC’s Q1FY26 financials reflected some pressure. The company reported an 8.4% year-on-year decline in net profit to ₹192.1 crore, while revenue from operations fell 6.3% to ₹5,179 crore.
The continued inflow of projects, however, positions NCC to maintain a strong presence in the infrastructure sector even as growth and margins face headwinds.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
