NBCC Secures Rs 2,965 Crore in Q2 FY 27, Led by RBI Mandate

NBCC secured Rs 2,965 crore of projects in Q2 FY 27, led by a Rs 780.38 crore Reserve Bank of India project-management consultancy mandate and a Rs 620 crore Seychelles housing contract for 1,008 affordable units. NBCC separately reported Rs 1,185 crore of works awarded during the quarter, with all project values excluding goods and services tax (GST).

What projects did NBCC secure in Q2 FY 27?

NBCC said it secured projects worth Rs 2,965 crore in Q2 FY 27, with the Reserve Bank of India, or RBI, mandate the largest named project at Rs 780.38 crore. The assignment covers project management consultancy (PMC) for an RBI office complex at Nelapadu, Amravati, Andhra Pradesh, and officers’ and staff residential facilities at Anvolu, Amravati.

The Seychelles project was the second-largest named contract at Rs 620 crore and covers construction of the Ile Aurore Housing Project and associated infrastructure. The Government of Republic of Seychelles is the client, and the presentation specifies 1,008 affordable housing units. Together, the RBI and Seychelles mandates account for Rs 1,400.38 crore of the reported Rs 2,965 crore quarterly business secured.

How large is the Seychelles housing contract for NBCC?

NBCC’s Seychelles contract is worth Rs 620 crore and involves 1,008 affordable housing units at Ile Aurore, together with associated infrastructure. It is the second-largest project in the disclosed list of major Q2 FY 27 wins, behind the Rs 780.38 crore RBI PMC assignment and ahead of the Rs 430.69 crore Rajasthan laboratory programme.

The disclosed scope differs between the two largest projects. The Rs 780.38 crore RBI assignment is a PMC engagement covering office and residential facilities in Amravati, while the Rs 620 crore Seychelles assignment is described as housing construction and related infrastructure. The presentation does not provide a construction schedule, execution milestone, funding arrangement or works-award status for the Seychelles project.

Which education, housing and border projects did NBCC win?

NBCC listed Rs 552.43 crore of Rajasthan school work, comprising Rs 430.69 crore for 2,256 physics, chemistry and biology laboratories in 922 government schools and Rs 121.74 crore for 170 replacement school buildings. The Rajasthan Council of School Education is named as client for both projects, with the replacement buildings intended for dilapidated school structures.

Other named projects included Rs 234.78 crore for 28 border outposts in Ladakh, Rs 160.14 crore for 252 residential staff quarters at a Canara Bank-owned property in Shivalli Village, Manipal, and Rs 88.43 crore for boys’ and girls’ hostels at various Odisha locations. The Odisha work is under the Directorate of Technical Education and Training, Odisha, Cuttack.

The seven named major projects total Rs 2,436.16 crore, compared with NBCC’s reported Q2 FY 27 secured-business total of Rs 2,965 crore. The difference is Rs 528.84 crore. NBCC labels the published list as major projects and does not identify the projects that make up this balance.

What works did NBCC award to contractors in Q2 FY 27?

NBCC reported Rs 1,185 crore of projects awarded to contractors during Q2 FY 27, a separate measure from the Rs 2,965 crore of projects secured. The largest named work award was Rs 302.75 crore for an integrated office complex at HUDCO Plot A-2, Sector-62, Noida, Uttar Pradesh, on a design, engineering, procurement and construction (EPC) basis.

The other named awards were Rs 150.07 crore for two-bedroom and three-bedroom housing and related works at the Indian Institute of Technology, Mandi, and Rs 61.70 crore for Satellite Township Phase-I at Rakh Gund Aksha, Bemina, Srinagar. The Srinagar project includes allied works and two years of operation and maintenance, while both projects are described as EPC assignments.

The three named contractor awards total Rs 514.52 crore, below the stated Rs 1,185 crore Q2 FY 27 award total. The remaining Rs 670.48 crore is not itemised in the presentation. The disclosed figures therefore distinguish between winning projects and subsequently awarding works to contractors.

Conclusion

NBCC’s reported Rs 2,965 crore of Q2 FY 27 project wins were concentrated in two large assignments with different scopes: the Rs 780.38 crore RBI PMC mandate in Amravati and the Rs 620 crore Ile Aurore affordable-housing construction project in Seychelles. Other named work covered Rajasthan school infrastructure, Ladakh border facilities, Canara Bank housing and Odisha student hostels, while contractor awards totalled Rs 1,185 crore.

The next disclosed item to watch is execution through the Rs 1,185 crore of Q2 FY 27 works awarded, including the Rs 302.75 crore Noida office complex and the Rs 61.70 crore Srinagar township project with two years of operation and maintenance. NBCC has not identified the projects behind Rs 528.84 crore of secured business or Rs 670.48 crore of works awarded beyond the named lists, leaving those components unresolved in the presentation.