NCC shares rally 5% on winning Rs 2,090 crore reservoir project in Bihar

Shares of NCC Ltd rallied 4.9% to their day’s high of Rs 222.50 on the BSE in early trade on Tuesday, September 16, following the company's announcement that it has secured a Rs 2,090.5 crore infrastructure project 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.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, the Company has received a Letter dated 15th September 2025 from the Water Resources Department, Bihar for Construction of Barner Reservoir Scheme in Jamui district,” the company said in its exchange filing.


As per the company’s regulatory disclosure, the scope of the project includes the construction of a reservoir, dam structures, irrigation channels, and other associated works. The project has been awarded on standard contract terms under domestic classification and is not considered a related party transaction.

The execution period for the project is 30 months for construction, followed by a 60-month Defect Liability Period (DLP).

The contract value is approximately Rs 2,090.5 crore, excluding GST. As per the deal, the work is to be carried out under general conditions specified by the Water Resources Department, Bihar.

NCC share price history

Over the past one year, shares of NCC have witnessed a significant decline of 33.08%. On a year-to-date (YTD) basis, the stock is down 23.55%, reflecting a tough period.

However, in the last six months, NCC has managed to gain some ground with a 13.97% spike. In the shorter term, the three-month performance shows a drop of 6.44%, and over the last one month, the stock is down 2.86%, indicating continued near-term volatility.

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On Monday, the NCC stock closed 1.6% higher at Rs 212.10 on the BSE.

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