NBCC Targets ₹60,000 Crore Order Inflow in FY27

NBCC (India) Ltd expects to secure new work orders worth ₹50,000-60,000 crore in FY27 and plans to monetise its 54-acre land bank, chairman and managing director K. P. Mahadevaswamy said during the company's Q2 FY27 earnings call.

The proposed redevelopment of five General Pool Residential Accommodation (GPRA) projects could contribute ₹30,000-35,000 crore to the anticipated order inflow.

These projects are currently under process and are expected to be awarded during the third or fourth quarter of FY27.

The company's consolidated order book stood at approximately ₹1.26 lakh crore at the end of the first half of FY27.

Management expects it to increase to ₹1.80-2 lakh crore by the end of the financial year.

Supertech projects worth ₹9,600 crore targeted for award

NBCC has uploaded tenders covering all packages of its Supertech projects and expects to award the contracts during Q3 FY27. Revenue contribution from these projects is expected to begin in Q4.

The company is targeting the award of ₹15,000-16,000 crore worth of projects during FY27, including Supertech developments and projects in Jammu and Kashmir.

Projects worth approximately ₹2,000 crore in Jammu and Kashmir are also expected to be awarded.

NBCC expects the value of projects under execution to reach around ₹40,000 crore at the consolidated level by the end of FY27.

₹10,000 crore project opportunities in West Bengal and Bihar

NBCC has signed nine memoranda of understanding with various departments in West Bengal, with potential work estimated at around ₹10,000 crore.

The proposed projects include urban development and redevelopment works involving state departments and the Kolkata Municipal Corporation.

These cover riverfront development, residential quarters for IAS and IPS officers, libraries and other urban infrastructure.

In Bihar, the company expects projects worth approximately ₹10,000 crore during the financial year, including four redevelopment projects.

It has already secured an initial tranche of work and expects another phase valued at around ₹8,000 crore during the current quarter.

Company plans to monetise 54-acre land portfolio

NBCC has approximately 54 acres of land recorded in its books at around ₹720 crore. An IBBI-registered valuer has estimated the portfolio's value at more than ₹1,600 crore.

As part of its monetisation programme, the company has sold two land parcels in Jaipur for a combined ₹433 crore, against their book value of approximately ₹195 crore.

Two additional parcels in Meerut and Ghaziabad are currently undergoing the auction process. NBCC plans to offer more land for sale in the next financial year.

The Jaipur transactions are expected to generate an aggregate profit of approximately ₹239 crore, which will be recognised over the next two quarters.

Also Read: NBCC Sells 111 Noida Flats for ₹416.53 Crore via E-Auction

Delhi and Dubai projects advance

NBCC plans to undertake bulk sales at Scindia Marg and Vinayak Mandir Marg during Q4 FY27. The combined estimated sale value of these two assets is ₹8,000-10,000 crore.

The company is also preparing to launch sales at its Sector 37-D project around the second half of January 2027. The construction contract has been awarded, the contractor has mobilised at the site and piling work has commenced.

For its Ghitorni project, the final agreement with the Delhi government and the shareholder agreement are under process and are expected to be completed by the end of December 2026.

The project comprises approximately 4-4.5 lakh sq ft.

In Dubai, NBCC has obtained project approvals and secured approval for its designs and drawings.

The company expects to hold the groundbreaking ceremony by the end of November or the first week of December, with the first phase of sales targeted for the end of December 2026 or January 2027.

Also Read: NBCC, Bihar Sign Rs 2,000 Crore Deal for Patna Projects

FY27 revenue projected at ₹16,000-17,000 crore

NBCC expects consolidated revenue of ₹16,000-17,000 crore in FY27. For FY28, management has projected revenue of ₹20,000-21,000 crore and profit after tax of around ₹1,500 crore.

The company is also considering a self-sustainable redevelopment model for the proposed Mumbai Port Trust project, replacing the earlier project management consultancy structure.

Under the proposed arrangement, NBCC would monetise the built-up space generated through redevelopment rather than sell the underlying land.

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