State-owned construction major NBCC (India) Limited (NSE: NBCC, Scrip Code: 534309, ISIN: INE095N01031) has secured a significant domestic regulatory order valued at approximately ₹252.80 crore (excluding GST).
The regulatory disclosure, submitted as a new event filing to market watchdogs on May 8, 2026, indicates that the official contract was finalized on May 7, 2026, at 5:30 PM. The company confirmed that the contract falls squarely within its ordinary course of business.
Key Deal Specifications
Awarding Entity: Odisha School Education Programme Authority (OSEPA), based in Bhubaneshwar, Odisha.
Contract Nature: Project Management Consultancy (PMC).
Total Value: Approx. ₹252.80 Crore (exclusive of Goods and Services Tax).
Execution Timeline: The exact time period by which the contract needs to be completed is currently yet to be decided.
Scope of Work
Under the terms of the newly awarded contract, NBCC will serve as the Project Management Consultant for the infrastructural rollout of a state-backed educational campaign. Specifically, the project entails:
The Phase-II implementation of the Godabarisha Mishra Adarsha Prathamika Vidyalaya (GMAPV) Scheme.
Development and infrastructural management across 46 schools distributed across various districts of Odisha.
Governance & Transparency Disclosures
To satisfy continuous listing disclosures and transparency mandates, NBCC outlined the following governance data points in its corporate filing:
No Conflict of Interest: The company’s promoter, promoter group, or associated group companies have zero operational or financial interest in the awarding counterparty (OSEPA).
Arm’s Length Basis: The contract does not fall within the definition or scope of “related-party transactions” under applicable Indian corporate regulations.