Order Win
NBCC Subsidiary HSCL Secures ₹158.95 Crore Project Management Consultancy Orders in Odisha
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Hindustan Steelworks Construction Limited (HSCL), a wholly owned subsidiary of NBCC (India) Limited, has secured four Project Management Consultancy (PMC) work orders worth approximately ₹158.95 crore (excluding GST) for educational infrastructure projects in Odisha.
PRICE-SENSITIVE TRIGGER
Event: HSCL, a subsidiary of NBCC (India), has received four Project Management Consultancy work orders.
Type: Order Win
Impact: Positive
Immediate Effect: The new contracts strengthen NBCC’s order book and expand its presence in government-funded educational infrastructure projects.
Key Metrics:
- Total Order Value: Approximately ₹158.95 crore (excluding GST)
- Number of Orders: 4
- Business Segment: Project Management Consultancy (PMC)
- Executing Entity: Hindustan Steelworks Construction Limited (HSCL)
- Parent Company: NBCC (India) Limited
- Project Location: Odisha
- Clients: District Mineral Foundation (Keonjhar) and Kendriya Vidyalaya Sangathan
Highlight:
- HSCL secured four government educational infrastructure projects worth nearly ₹159 crore in Odisha.
What Happened ?
NBCC (India) Limited informed the stock exchanges that its wholly owned subsidiary, Hindustan Steelworks Construction Limited (HSCL), has been awarded four Project Management Consultancy (PMC) work orders aggregating approximately ₹158.95 crore (excluding GST).
The contracts involve construction of educational infrastructure in Odisha and have been awarded by District Mineral Foundation, Keonjhar and Kendriya Vidyalaya Sangathan (KVS).
Order Breakdown
Mega Education Complex:
- Client: District Mineral Foundation, Keonjhar
- Project: Construction of Mega Education Complex, Keonjhar District, Odisha
- Order Value: Approximately ₹70.59 crore (excluding GST)
DD University Works (Mega Education Complex):
- Client: District Mineral Foundation, Keonjhar
- Project: Construction of DD University Works (Mega Education Complex), Keonjhar District, Odisha
- Order Value: Approximately ₹17.24 crore (excluding GST)
Kendriya Vidyalaya, Angul:
- Client: Kendriya Vidyalaya Sangathan
- Project: Construction of New Campus for Kendriya Vidyalaya, Angul District, Odisha
- Order Value: Approximately ₹35.56 crore (excluding GST)
Kendriya Vidyalaya, Sambalpur:
- Client: Kendriya Vidyalaya Sangathan
- Project: Construction of New Campus for Kendriya Vidyalaya, Sambalpur District, Odisha
- Order Value: Approximately ₹35.56 crore (excluding GST)
Nature of Contracts:
- Project Management Consultancy (PMC) on deposit work basis
- Domestic contracts
- Government-funded educational infrastructure projects
- No promoter or related-party interest involved
Risk Analysis
Summary:
- The contracts are positive for NBCC as they add to the company’s order pipeline. However, revenue recognition will depend on project execution milestones.
Key Risks:
- Execution timelines have not been specified.
- Revenue and margin realization will depend on project progress.
- Any delay in approvals or execution could postpone revenue recognition.
Positive Factors:
- Government-backed clients reduce counterparty risk.
- Expands NBCC’s education infrastructure portfolio.
- Multiple projects diversify execution risk across locations.
Risk Level: Low
Company Commentary
- HSCL has received four work orders in the ordinary course of business.
- The aggregate value of the contracts is approximately ₹158.95 crore excluding GST.
- All projects are domestic Project Management Consultancy assignments.
- The contracts do not involve any related-party transactions or promoter interest.
Official Exchange Filing: NBCC (India) Limited
