The order, awarded in the ordinary course of business, is for comprehensive project management consultancy (PMC) services for the construction and redevelopment of infrastructure at 28 Border Out Posts (BOPs) of the ITBP in Ladakh, according to the exchange filing.
The contract is a domestic order and has been awarded by the ITBP, stated the filing.
NBCC will provide project management consultancy services for the proposed construction and redevelopment works.
The company said the order does not involve any interest of its promoter, promoter group or group companies in the entity awarding the contract. The order also does not fall under related-party transactions, as per filing.
NBCC shares were trading 0.3% higher at ₹92.47 at 12:21 pm on Thursday, August 13.
Q1 results
NBCC reported a 17.2% year-on-year rise in consolidated net profit to ₹154.8 crore for the June quarter, despite a decline in revenue.
Revenue from operations fell 6% year-on-year to ₹2,259.5 crore. However, operating performance improved, with EBITDA rising 39% to ₹155 crore from ₹111.5 crore a year earlier.The company’s EBITDA margin expanded to 6.86% in the June quarter from 4.66% in the year-ago period.
The Navratna public sector enterprise, which operates under the Ministry of Housing and Urban Affairs, also announced its first interim dividend for FY27 of ₹0.15 per share. The company has fixed August 17 as the record date for determining shareholders eligible for the dividend.
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Separately, NBCC’s board on August 11 gave in-principle approval to establish a wholly owned subsidiary that will act as a special purpose vehicle for activities related to a proposed Real Estate Investment Trust (REIT). The proposed subsidiary will require approvals from the Ministry of Housing and Urban Affairs and the Department of Investment and Public Asset Management (DIPAM).
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