Shares of NCC are likely to remain in focus after the infrastructure company received a Letter of Acceptance (LoA) worth Rs 1,286.03 crore from Hyderabad Growth Corridor Limited for a major road project in Telangana. 

The order strengthens NCC’s order pipeline and adds to the company’s strong infrastructure order book.

The project involves construction of Radial Road-2 from the Outer Ring Road near Budwel to NH-167N near Nacharam. The latest LoA covers Package-1, which runs from Budwel to Shabad. The contract value of Rs 1,286.03 crore excludes GST, while the company is expected to complete the project within 18 months.

The order comes at a time when NCC has been securing large infrastructure contracts across different states. In September, the company received another LoA worth Rs 1,076.71 crore from the Rural Water Supply and Sanitation Department in Andhra Pradesh for a drinking water supply project in Anakapalli district. That project has an execution period of 24 months.

NCC entered the latest Telangana project without any reported interest from its promoters or group companies in the awarding entity. The order is also classified as a domestic project, adding further visibility to the company’s near-term revenue pipeline.

NCC’s order book stood at Rs 81,214 crore at the end of the June 2026 quarter, up 16% year-on-year. The company has exposure across roads, buildings, water and environment projects, mining, power transmission, irrigation and other infrastructure segments.

The latest Telangana order is significant because it provides additional revenue visibility while supporting NCC’s presence in the road construction segment. 

The 18-month execution timeline also means the project could contribute to the company’s revenue over the next several quarters.

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