NCC Limited Secures ₹1,480 Crore Order for Darbhanga Medical College & Hospital Redevelopment
Construction company NCC Limited has received an order of Rs ₹1480 crore to redevelop Darbhanga Medical College & Hospital Redevelopment in Darbhanga, Bihar. NCC Limited is a well-known company of the country. Shares of NCC Limited rose 2.24 percent on Friday and closed at Rs ₹206.
NCC Limited, a leading infrastructure and construction company, has announced that it has received a Letter of Acceptance (LoA) for a major redevelopment project from the Bihar Medical Services & Infrastructure Corporation Limited (BMSICL). The contract, valued at ₹1,480.34 crore (excluding GST), pertains to the redevelopment of Darbhanga Medical College & Hospital (DMCH) at Laheriasarai, Darbhanga.
Key Details of the Project
- Awarding Authority: Bihar Medical Services & Infrastructure Corporation Limited (BMSICL)
- Nature of Work: Redevelopment of the existing medical college and hospital, along with additional buildings
- Execution Timeline:
- Construction Phase: 42 months
- Defects Liability Period (DLP): 36 months
- Contract Value: ₹1,480.34 crore (excluding GST)
- Promoter Group Involvement: No involvement from NCC’s promoter group or related parties
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Significance of the Project
This redevelopment aligns with Bihar’s broader goal of strengthening its healthcare infrastructure. Darbhanga Medical College & Hospital is a crucial institution serving the region, and its modernization will improve healthcare accessibility and facilities for thousands of patients.
For NCC Limited, this contract represents a significant order win, reinforcing its presence in India’s growing healthcare infrastructure sector. Under Regulation 30 of SEBI’s Listing Obligations & Disclosure Requirements (LODR) Regulations, 2015, NCC defines any order above ₹1,000 crore as a “major order,” highlighting the importance of this project for the company’s future growth.
Market Implications
- The order may boost investor confidence in NCC Limited, reflecting its ability to secure large-scale government contracts.
- The execution of this project over the next few years will contribute to the company’s revenue growth.
- The successful completion of this redevelopment could open doors for further healthcare infrastructure projects across India.
With this new order, NCC continues to strengthen its position as a key player in India’s infrastructure sector, contributing to critical public health projects.
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