NCC’s shares rose 2.19% to ₹216.75 after the company announced that it has been awarded a contract worth ₹2,090.5 crore by the Bihar Water Resources Department. The project involves the construction of the Barnar reservoir scheme in Jamui district.
The scope of work includes building the reservoir, dam structures, irrigation channels, and associated infrastructure. The contract will be executed over 30 months, followed by a defect liability period of 60 months.
The company clarified that neither its promoters nor related group entities have any interest in the awarding authority, and the contract does not constitute a related-party transaction.
NCC is a leading player in India’s infrastructure sector, with expertise in industrial and commercial buildings, housing, roads, bridges and flyovers, water supply and environmental projects, mining, power transmission lines, and irrigation and hydroelectric projects.
The company recently reported an 8.46% decline in its consolidated net profit to ₹192.14 crore in Q1 FY26, compared to ₹209.92 crore in Q1 FY25. Revenue from operations also fell 6.31% year-on-year to ₹5,178.99 crore in the same quarter.
Source & Image: https://bit.ly/4mkDrDw
