NBCC wins ₹253 crore Odisha government contract to upgrade 46 schools

NBCC (India) Ltd has secured a work order worth around ₹252.8 crore from the Odisha School Education Programme Authority, the company said in an exchange filing.The contract pertains to the implementation of Phase-II of the Godabarisha Mishra Adarsha Prathamika Vidyalaya (GMAPV) scheme across 46 schools in various districts of Odisha.

The project has been awarded by the Odisha School Education Programme Authority, Bhubaneswar, and will be executed under NBCC’s project management consultancy segment. The order value excludes GST, stated the exchange filing.
The company clarified that the contract has been awarded by a domestic entity and does not constitute a related-party transaction.The fresh order further strengthens NBCC’s order pipeline as the state-run construction firm continues to expand its footprint in public infrastructure and education-focused projects.

Q3 resultsNBCC had reported a mixed performance for the December quarter, with higher profit and revenue growth offset by weaker operating margins.

The company’s consolidated net profit for Q3 FY26 rose 39.3% year-on-year to ₹193 crore, while revenue from operations increased 7.6% to ₹3,022 crore.

However, operating performance remained under pressure. EBITDA fell 21% YoY to ₹114.5 crore, leading to a contraction in EBITDA margin to 3.8% from 5.2% a year earlier.

Shares of NBCC (India) Ltd ended higher on Friday, May 8, by 4.30% at ₹101.01 on the NSE.