NCC Gets ₹1,286.03 Crore Telangana Road Project; Shares Rise 3.70%

Mumbai, October 9: NCC Limited has received a Letter of Acceptance (LOA) worth ₹1,286.03 crore, excluding GST, from Hyderabad Growth Corridor Limited for the construction of Radial Road-2 in Telangana.

According to the exchange filing, the project involves construction of Radial Road-2 from the Outer Ring Road near Budwel to Nacharam on National Highway 167N, covering Package-1 from Budwel to Shabad.

The contract has been awarded by Hyderabad Growth Corridor Limited, a domestic entity. NCC is required to complete the construction within 18 months under the general conditions of the contract.

Stock Market Snapshot

The NCC share price stood at ₹124.37 as of 9:56 AM IST on October 9, 2026, according to the market data.

The stock was up ₹4.44, or 3.70%, at the time. Shares moved higher after the start of the reported trading session, briefly touching approximately ₹127.60 before giving up part of the gains and trading near ₹124.37.

The rise came as the company disclosed the new road construction award from Hyderabad Growth Corridor Limited.

Telangana Road Project To Connect BudwelAndShabad

The project covers a section of Radial Road-2 linking the Outer Ring Road near Budwel with Nacharam on NH-167N. The disclosed package specifically covers the stretch from Budwel to Shabad.

The contract value is ₹1,286.03 crore, excluding GST, and the construction period is 18 months. NCC stated that the promoter or promoter group has no interest in the awarding entity and that the contract does not fall within related-party transactions.

Conclusion

The ₹1,286.03 crore LOA adds a major road construction project to NCC’s order pipeline in Telangana. The award covers Radial Road-2 between Budwel and Shabad, with execution scheduled over 18 months.

The company disclosed the award under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. NCC shares were up 3.70% at ₹124.37 as of 9:56 AM IST on October 9, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/NCC/NCC-Limited
• https://nsearchives.nseindia.com/corporate/NCC_08102026171912_Reg_30.pdf