Synopsis: NBCC (India) Limited (NSE: NBCC) has secured a significant work order worth ₹76.27 crore (excluding GST) from Dharanidhar University in Keonjhar, Odisha, on February 23, 2026. The fact is that the project, executed under the Project Management Consultancy (PMC) model, includes the construction of new academic and hostel buildings along with essential campus infrastructure development.
NBCC Secures ₹76 Crore Order for Campus Development
On Monday, February 23, 2026, state-owned construction major NBCC announced the receipt of a fresh domestic contract, further solidifying its dominant presence in the educational infrastructure segment.
The stock reacted positively to the news, closing at ₹95.50, up 0.62% in a volatile market session. This win comes on the heels of several other university projects in Odisha, highlighting the state’s aggressive campus modernization drive under schemes like PM-USHA.
The project is classified under the company’s “normal course of business,” with the contract being awarded by a domestic government entity. No promoter or group interest is involved in the deal.
Why the ₹76 Crore Odisha order is strategically important
The primary driver is the Expansion in Eastern India’s Education Sector. Dharanidhar University, recently upgraded to a full university status, is undergoing a massive infrastructural overhaul.
By securing this PMC mandate, NBCC positions itself as the preferred implementation agency for high-value academic projects in the region.
Furthermore, the “1-2-1” rule of today’s win was evident: one major institutional catalyst (Dharanidhar University Expansion), two core infrastructure pillars (Academic Blocks and Hostel Facilities), and one clear financial objective.
NBCC aims to maintain its high Project Management Consultancy (PMC) margins while supporting the government’s goal of enhancing student residential capacities in Tier-II educational hubs.
NBCC: Dharanidhar University Project & Financial Highlights
| Key Metric | Details (Feb 23, 2026) | Strategic Impact |
| Order Value | ₹76.27 Crore (Excl. GST) | Order Book Accretion |
| Client | Dharanidhar University, Odisha | Public Sector Trust |
| Nature of Work | Project Management (PMC) | Asset-Light Revenue |
| Scope | Academic & Hostel Buildings | Campus Modernization |
| Closing Price | ₹95.50 (Up 0.62%) | Positive Sentiment |
Also Read: Why Morepen Labs Share Surge 16%: After ₹825 Crore Global CDMO Contract Win
NBCC’s “Educational Infra” Momentum
NBCC has been consistently winning orders in Odisha, signaling a strong state-level partnership.
- Historical Context: Earlier in January 2026, the company secured orders worth ₹134 crore for educational projects in Odisha, including works at Maharaja Sriram Chandra Bhanja Deo University and schools under the Godabarisha Mishra scheme.
- Financial Health: For Q3 FY26, NBCC reported a consolidated net profit of ₹197 crore, a significant jump driven by higher execution in the PMC and redevelopment segments.
- Technical Outlook: Chartists identify a support zone at ₹92–₹94. Although the stock trades below its 52-week high of ₹131, steady new orders are likely to support valuations as investors focus on FY27 execution targets.
The Bottom Line
The ₹76.27 crore order from Dharanidhar University is a testament to NBCC’s reliability in government project consultancy. For the strategic investor, the focus remains on the execution speed.
If NBCC continues securing and commissioning academic projects within its 18–24 month cycles, it can recover lost ground toward the ₹110 resistance level.
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