NCC Share Price Surges Over 3 % After Securing ₹1,286 Crore Telangana Road Project

Written by: Team Angel OneUpdated on: 9 Oct 2026, 7:57 pm IST

NCC has received a ₹1,286.03 crore contract from Hyderabad Growth Corridor Limited to construct a road in Telangana.

NCC Limited has received a Letter of Acceptance from Hyderabad Growth Corridor Limited for a road construction project in Telangana. The contract is worth ₹1,286.03 crore, excluding GST.

The work covers Radial Road-2, from the Outer Ring Road near Budwel to Nacharam on NH-167N. The project forms part of Package 1, covering the Budwel to Shabad stretch.

Road Construction to Take 18 Months

NCC will undertake construction of the specified road stretch, with the project scheduled for completion within 18 months.

The order was awarded by Hyderabad Growth Corridor Limited, a domestic entity. The contract will be executed under the general conditions specified in the agreement.

Contract Value Stands at ₹1,286 Crore

The contract value is ₹1,286.03 crore, excluding GST, according to the details disclosed by NCC on October 8, 2026.

The company has not disclosed further details on the project's expected contribution to revenue or margins.

Project Covers Budwel to Shabad Stretch

The road project covers the stretch from Budwel to Shabad in Telangana, linking the Outer Ring Road near Budwel to Nacharam on NH-167N.

The Letter of Acceptance confirms NCC's appointment for the construction work, with an 18-month execution period.

As of 09 October 2026, at 1:52 PM, NCC Limited share price is trading at ₹123.86 per share, reflecting a surge of 3.28% from the previous trading session.

Conclusion

NCC's new contract covers ₹1,286.03 crore of road construction work in Telangana, with completion scheduled within 18 months.

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Published on: Oct 9, 2026, 2:27 PM IST

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