Synopsis: Navratna PSU stock is in focus after securing orders worth ~Rs. 105 cr from SAIL Rourkela and NLC India for sports infrastructure, hospital OTs, and R&R colony projects.
The shares of this Indian Navratna Enterprise under the Ministry of Housing and Urban Affairs operate in three major segments which include Project Management Consultancy, Engineering Procurement & Construction, and Real Estate are in focus after securing multiple order from SAIL Rourkela & NLC India.
With a market capitalisation of Rs. 26,503 cr, the shares of NBCC Ltd were trading at Rs. 98.16 per share, decreasing over 2% in today’s market session, making a low of Rs. 97.40, down from its previous close of Rs. 99.87 per share.
The stock has seen varied performance over different periods. It gained 20% over the past year, but has declined 19% year-to-date, 7% over the last six months, and 4% in the past month.
About the order
NBCC (India) Limited has received fresh work orders worth approximately Rs. 104.95 crore in the ordinary course of business, as informed on February 17, 2026. The contracts strengthen NBCC’s order inflows and reinforce its role as a project management consultancy for large public-sector infrastructure projects.
One of the orders, valued at about Rs. 14.72 crore, has been awarded by Rourkela Steel Plant (SAIL). The scope includes development of sports infrastructure, lagoon de-silting, repair or replacement of lagoon gates, and renovation and upgradation of six conventional operation theatres into a modular OT complex at Ispat General Hospital in Rourkela. The project will be executed on a domestic basis and falls under NBCC’s project management consultancy segment.
The second and larger order, worth approximately Rs. 90.23 crore, has been awarded by NLC India Limited. NBCC has been appointed as the Project Management Consultant for the construction of a Rehabilitation and Resettlement (R&R) colony for the Pachwara South Open Cast Project of Neyveli Uttar Pradesh Power Limited (NUPPL) in Jharkhand. The new orders add visibility to NBCC’s execution pipeline and underline continued traction in PSU-led infrastructure and social development projects.
NBCC (India) Ltd is a Government of India–owned Navratna PSU under the Ministry of Housing and Urban Affairs, primarily engaged in project management consultancy, real estate development, and EPC contracting. The company plays a key role in urban infrastructure development, redevelopment projects, and public-sector construction across India.
It reported steady top-line growth in Q3 FY26, with revenue rising 8% YoY to Rs. 3,022 crore compared with Rs. 2,809 crore in Q3 FY25. Operating performance weakened, as EBITDA declined 21% to Rs. 114 crore from Rs. 144 crore, reflecting margin pressure. Net profit grew strongly by 39% YoY to Rs. 197 crore from Rs. 142 crore, while EPS also increased 39% YoY to Rs. 0.71.
The company has full ownership of four subsidiaries that are HSCC, NSL, NBCC Overseas Real Estate LLC, and NBCC DWC-LLC, each held at 100%, while it maintains a majority stake of 51% in HSCL. This structure reflects complete control over most entities, with only HSCL involving partial ownership.
The consolidated order book stands at Rs. 1,26,790 crore, led by NBCC (India) Limited with Rs. 1,12,640 crore. This is supplemented by HSCC (India) Limited at Rs. 7,827 crore, HSCL at Rs. 6,016 crore, and NSL at Rs. 307 crore, together providing strong revenue visibility.
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