NCC Stock Jumps 5% After Securing Rs 2,090 Crore Reservoir Project In Bihar

Shares of NCC Ltd surged 4.9% to hit the day’s high of Rs 222.50 on the BSE in early trade on Tuesday, September 16, after the company announced winning a Rs 2,090.5 crore contract from the Water Resources Department, Bihar.

The Letter of Award (LoA), dated September 15, pertains to the construction of the Barner Reservoir Scheme in Jamui district. According to the exchange filing, the project involves building a reservoir, dam structures, irrigation channels, and allied works. It has been awarded under standard domestic contract terms and does not fall under related party transactions.

The execution timeline is set at 30 months for construction, followed by a 60-month Defect Liability Period (DLP). The total contract value is around Rs 2,090.5

crore, excluding GST.

On the market front, NCC shares have seen mixed performance. Over the past year, the stock has declined 33.08%, and on a year-to-date basis, it is down 23.55%.

However, in the last six months, it gained 13.97%. In the shorter term, the stock fell 6.44% over three months and slipped 2.86% in the past month, reflecting ongoing volatility. On Monday, the shares had closed 1.6% higher at Rs 212.10 on the BSE.