A B Infrabuild Wins ₹62.94 Crore NHAI EPC Contract For NH-16 VUP Construction In Odisha

A B Infrabuild Limited disclosed it has received a letter of acceptance for a highway construction project after the National Highways Authority of India awarded the company an EPC contract to build vehicular underpasses and associated road infrastructure along NH-16 in Odisha.

The disclosure was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a stock-exchange notification dated 4 March 2026. The company stated that the project involves construction of three Vehicular Underpasses (VUPs) between Km 430+380, including approaches and service roads near College Square and DRDA Square on the Puintola–Ichhapuram stretch of National Highway-16 in the state of Odisha.

The contract has been awarded by the National Highways Authority of India (NHAI) and will be executed on an Engineering, Procurement and Construction (EPC) basis.

According to the filing, the aggregate contract value stands at ₹62,94,04,813.35, equivalent to roughly ₹62.94 crore. The project is scheduled for completion within 18 months, subject to the standard performance security and contractual conditions specified in the tender documentation.

The company also clarified that no promoter or promoter group entity has any interest in the awarding authority, and the contract does not constitute a related-party transaction, as stated in the annexure submitted with the filing.

Share Price Movement

Share price of A B Infrabuild Limited were trading lower during Thursday’s session despite the project announcement.

As of 2:38 PM IST on March 4, 2026, the stock traded at ₹17.45, down ₹0.49 or 2.73% from the previous close of ₹17.94.

Intraday exchange data showed the stock opening at ₹17.28, touching a high of ₹17.75 and a low of ₹17.14 during the session so far. The company’s market capitalisation stood near ₹1.11K crore, while the stock remains below its 52-week high of ₹23.56 and above the 52-week low of ₹7.02.

Market reaction appeared muted, with price action largely range-bound following the disclosure.

Company Background

A B Infrabuild Limited is an infrastructure engineering and construction contractor engaged primarily in road, highway and civil infrastructure development projects. The company executes projects through EPC contracts involving construction of roads, bridges, underpasses and allied transport infrastructure.

Projects are typically awarded by government authorities, public sector undertakings and infrastructure agencies, with contract execution governed by detailed tender specifications and milestone-based payment structures.

EPC contracts place responsibility for engineering design, procurement of materials and construction delivery on the contractor. In exchange, the contractor receives a fixed project value, with risk allocation defined through performance security clauses and milestone compliance provisions.

The latest contract award from NHAI adds to the company’s order inflow from India’s national highway development programme.

Conclusion

The ₹62.94 crore EPC mandate from the National Highways Authority of India strengthens A B Infrabuild’s order pipeline and extends its footprint within the NH-16 corridor development programme in Odisha.

Execution timelines — set at 18 months will now determine the revenue recognition cycle for the project, subject to progress milestones and compliance conditions outlined in the tender documents. For now, the disclosure signals incremental order visibility, though the market response remained restrained in Thursday’s trading session.