NCC Share Price Surges 4% After Securing ₹1,480 Crore Darbhanga Medical College Order

Market Performance

NCC's share price surged by 4% on March 24, 2025, reaching a six-week high of ₹214 per share on the National Stock Exchange following the announcement of a ₹1,480 crore order win. The stock has rebounded by 21% in March despite previous declines, though it remains 42% below its recent peak.

Darbhanga Medical College Order Details

NCC secured a ₹1,480 crore order from Bihar Medical Services & Infrastructure Corporation Limited to redevelop Darbhanga Medical College & Hospital (DMCH) in Laheriasarai, Darbhanga.

This is NCC's second major contract win in less than two weeks. The company had earlier received a order for ₹2,129 crore from the Andhra Pradesh Capital Region Development Authority for infrastructure development, which includes roads, drainage, water supply, sewage, and utility ducts.

Recent Order Wins

In addition to the March orders, NCC secured significant contracts earlier in 2025:

• ₹424.79 crore order (excluding GST) in January 2025
• ₹218.82 crore order (excluding GST) in February 2025

Company Details

NCC is one of India's largest and most diversified infrastructure conglomerates. The company operates across multiple sectors, including:

• Buildings and housing
• Roads
• Water and environment
• Irrigation
• Metals and mining
• Railways

The company's March performance reflects a sharp recovery after six months of continuous declines, which led to a 51% correction. Despite the recent rebound, the stock remains significantly below its recent peak. The decline was attributed to weak financial performance in the December 2024 quarter and rising debt levels.

Summary

NCC's share price rose 4% to ₹214 per share after securing a ₹1,480 crore order to redevelop Darbhanga Medical College & Hospital. This is the company's second significant order in two weeks, contributing to a 21% stock rebound in March. With a diversified portfolio across key infrastructure sectors, NCC remains an important player in the Indian construction and infrastructure market despite recent financial challenges.