NCC Ltd. (NCC) announced on Monday it secured a ₹1.07671 billion contract from the Rural Water Supply and Sanitation Department of Visakhapatnam, Andhra Pradesh. The letter of acceptance, dated 26 September 2026, covers a 24‑month supply of drinking water under the Multi‑Village Scheme from Yeleru Reservoir for the Anakapalli segment. The award, exclusive of GST, marks the company’s biggest single project to date.
Shares closed at ₹130.30 on the BSE, a decline of ₹2.55 or 1.92% from the previous close, indicating a muted market response to the lucrative contract amid broader infrastructure uncertainty.
In April, NCC secured ₹1.703 billion in new orders across its buildings, electrical, and transportation divisions, yet its Q4 net profit dipped 19% despite a 2% rise in revenue, reflecting margin pressure in the sector.
The company confirmed that its promoter group, promoter and all associated entities hold no stake in the awarding body, ensuring the contract does not fall under related‑party transactions per the General Conditions of the Contract.
NCC has not issued further guidance, but analysts are watching the upcoming earnings release scheduled for early December to assess whether the new order will offset margin compression and influence future capital allocation.