NCC share price is expected to remain under pressure today after the company received a debarment order from the National Highways Authority of India (NHAI), restricting it from participating in new tenders for the next two years.
The infrastructure major informed exchanges that both NCC and its step-down subsidiary, O B Infrastructure, have been barred from bidding for any tenders or contracts issued by NHAI. The debarment will be effective from February 17, 2026, and will remain in force for a period of two years.
The order prohibits NCC and its subsidiary from participating in future highway projects floated by NHAI during the debarment period. Given that NHAI is one of the largest road project awarding authorities in India, the development could weigh on investor sentiment in the near term.
However, the company clarified that the debarment will not impact its existing order book or ongoing projects. All current contracts awarded by NHAI or other authorities will continue as scheduled, according to the company’s statement.
NCC also stated that it is reviewing the order and will take appropriate steps in accordance with applicable laws. This leaves open the possibility of legal recourse or appeal.
Market participants are likely to react cautiously to the development, especially considering NHAI’s significant role in awarding national highway projects. Restrictions on bidding for new tenders could potentially limit fresh order inflows from the highways segment over the next two years.