NCC Share Price in Focus; NHAI Bars Firm from Fresh Tenders for 2 Years

NCC Limited and its step-down subsidiary, O B Infrastructure Limited, have been debarred from participating in new tenders issued by the National Highways Authority of India (NHAI) for 2 years. The order came into effect on February 17, 2026, as per the filing.  

The restriction applies to all forms of participation, including roles as concessionaire, contractor, EPC contractor, O&M agency or consortium member in NHAI tenders.  

Order Linked to Uttar Pradesh Highway Project 

The debarment is connected to a road project covering sections between Orai, Bhognipur and Barah in Uttar Pradesh, executed on a build-operate-transfer (annuity) basis. The concession agreement for the project was signed in April 2006.  

The company said the project faced delays due to issues such as land handover and other contractual matters. Arbitration proceedings were initiated, and the subsidiary received a favourable award in November 2024.  

NHAI has challenged that award before the Delhi High Court, where the matter is pending. Additional disputes related to the same project were referred to arbitration in September 2025.  

Company Reviewing the Order 

NCC said it is examining the debarment order and will take steps as per applicable law. The company added that the restriction does not affect its existing order book or ongoing projects.  

It also said the financial impact, if any, would depend on future opportunities during the debarment period, and no quantifiable effect can be determined at present.  

Read More: Highway Infrastructure Share Price Gains Over 5% on Securing ₹154.60 Crore NHAI Contract! 

NCC Share Price Performance  

As of February 19, 2026, 9:30 am, NCC Ltd share price was trading at ₹146.83, a 1.96% decrease from the previous close. 

Conclusion 

The 2-year restriction limits NCC’s participation in new NHAI projects, though the company has said its current contracts remain unaffected while it reviews legal options. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.