NCC Limited Overview
Pro stress-test →NCC Limited, incorporated in 1978, undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis. The company's construction activities encompass Buildings, Transportation, Water and Environment, Electrical Transmission & Distribution, Irrigation, Mining, and Railways projects. NCC is a pivotal infrastructure developer in India with a diversified portfolio addressing critical national infrastructure needs.
Strategic Profile
Pro stress-test →As of 31 December 2025, NCC's consolidated order book stood at Rs 79,571 crore, reflecting a 43% increase year-on-year. However, revenue from operations fell 8.91% YoY to Rs 4,868.29 crore during the third quarter of FY26, indicating execution challenges despite strong order visibility. The company recently entered the smart meters segment by securing three major projects worth ₹8,080 crore, signaling diversification into emerging infrastructure segments.
Competitive Landscape
Pro stress-test →NCC has completed 500+ building projects, 20,700+ km water pipelines and irrigated 3,50,000 acres of land. The company competes with major Indian infrastructure firms in diversified sectors including buildings, transportation, and utilities. Its strong order book and government relationships provide competitive advantages, though recent regulatory challenges have impacted market perception.
Industry Context
NCC Limited operates in Engineering, Procurement & Construction (EPC) / Infrastructure Development.
Key facts
Founded: 1978 · Headquarters: Hyderabad, India · Revenue: $26.6B (FY2025: ₹221.99B; FY2026: ₹223.55B annualized) · Market cap: $1.18B (₹9,741 Cr as of Dec 2025)