NBCC touched a day high of Rs 93.13 on the NSE on Thursday, right after announcing a Rs 235 crore project management order win in Ladakh.

The Rs 234.78 crore contract from the Indo-Tibetan Border Police covers comprehensive project management consultancy services for the construction and redevelopment of infrastructure at 28 border outposts.

The company confirmed the domestic contract was awarded in the ordinary course of business and does not involve any related-party transactions.

The ITBP mandate adds to a string of recent high-value project management awards for the state-owned construction firm.

NBCC recently secured a Rs 780.38 crore contract from the Reserve Bank of India for an office and residential complex in Amaravati, Andhra Pradesh.

It also reported a Rs 1,236 crore commercial space sale at Bharat Business Park in Sarojini Nagar, New Delhi, which earns the company a 1% marketing fee.

The order inflow coincides with a strong June quarter. NBCC reported a 17.2% year-on-year rise in consolidated net profit to Rs 154.8 crore for Q1 FY27, despite revenue dipping 6% to Rs 2,259.5 crore.

Operating profitability improved significantly, with EBITDA growing 39% to Rs 155 crore, pushing the EBITDA margin up to 6.86% from 4.66% a year earlier.

The company’s board declared a first interim dividend of Rs 0.15 per share for FY27, fixing 17 August as the record date.

The board also granted in-principle approval on 11 August to incorporate a wholly-owned subsidiary that will act as a special purpose vehicle for a proposed Real Estate Investment Trust, subject to government clearances.

As of the close on Thursday, NBCC shares settled at Rs 92.00 on the NSE, down 0.18% for the session, giving up the initial gains made following the order announcement.

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