NBCC Secures ₹179 Cr IIM Sambalpur Campus Expansion Contract

• NBCC (India) Ltd won a ₹179.37 crore Project Management Consultancy (PMC) contract for IIM Sambalpur's Phase-II campus expansion.
• The state-owned firm will provide PMC services for infrastructure development at the permanent campus of IIM Sambalpur.
• NBCC reported a 26% rise in Q2 FY25 net profit to ₹153.5 crore and 19% revenue growth to ₹2,910.2 crore.
• The company recently secured additional orders worth ₹289.39 crore from NALCO and SAIL, and ₹665 crore on December 3.
• Following the announcement, NBCC shares surged nearly 2.5%, trading at ₹110.83.

Why It Matters: NBCC strengthens its project pipeline with a significant IIM Sambalpur contract and strong Q2 financial results.