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NCC Limited announced a major domestic infrastructure contract awarded by the Hyderabad Growth Corridor Limited

ICICIdirect Research 09 Oct 2026 DISCLAIMER

News: NCC Limited announced a major domestic infrastructure contract awarded by the Hyderabad Growth Corridor Limited on October 8, 2026. The Letter of Acceptance outlines a ₹1,286.03 crore project (excluding GST) for the construction of Radial Road 2 in Telangana State. Specifically, the construction footprint spans from the Outer Ring Road (ORR) near Budwel to Nacharam on NH-167N (Package-1). The project has an estimated execution time period of 18 months.

View: In the past 2 weeks NCC Limited has reported an order inflow of over ₹2862 crore taking the FY27 total gross order inflows to ~₹7835 crore. Given the management's target of getting ₹22000-25000 crore of order inflow for the financial year, the comapany will be able to achieve this if the current pace of new order inflows is maintained. This will be the key monitorable to watch for NCC Limited.

Impact: Positive

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