NBCC (India) Limited, a premier Government of India Navratna enterprise under the Ministry of Housing and Urban Affairs, has officially announced the receipt of a significant work order worth ₹95.66 crore (excluding GST). The contract involves the renovation of the Sushma Swaraj Institute of Foreign Service, located in New Delhi, and has been awarded by the Ministry of External Affairs, Government of India.

The company disclosed this update via a regulatory filing dated May 1, 2025, to both BSE Limited and National Stock Exchange of India Limited (NSE). This project falls under the normal course of business operations for NBCC and continues the organization’s robust history of executing government infrastructure projects across the country.

Details of the Work Order:

• Name of Work: Renovation of Sushma Swaraj Institute of Foreign Service, New Delhi

• Client: Sushma Swaraj Institute of Foreign Service, Ministry of External Affairs

• Estimated Value: ₹95.66 crore (excluding GST)

NBCC has earned a solid reputation for delivering high-value government infrastructure projects, including residential buildings, institutional campuses, and heritage renovations. This recent contract further strengthens NBCC’s portfolio in the area of institutional development for central government bodies.

Significance of the Project:

The Sushma Swaraj Institute of Foreign Service (SSIFS) is the training institution under the Ministry of External Affairs that prepares Indian Foreign Service (IFS) officers and conducts various international training programs. The renovation project awarded to NBCC is expected to upgrade the existing infrastructure, modernize facilities, and enhance the learning environment, reinforcing India’s diplomatic training capacities.

This initiative is particularly important in continuing the legacy of late Smt. Sushma Swaraj, under whose name the institute was rebranded to honour her contributions as one of India’s most respected External Affairs Ministers.

NBCC’s Role in Government Infrastructure:

NBCC is widely recognized as a leader in project management consultancy, real estate development, and EPC contracting. Its work on strategic infrastructure projects, including Smart Cities, redevelopment of government colonies, and institutional buildings, has placed it among the most dependable public sector undertakings in India.

By taking up the SSIFS renovation, NBCC reaffirms its position as the go-to agency for critical infrastructure upgrades for key government institutions. The company has demonstrated time and again that it is capable of executing large-scale, time-bound, and quality-controlled projects in line with government standards.

Financial Implications and Growth Outlook:

While this ₹95.66 crore contract is part of NBCC’s routine business, it reflects consistent business acquisition performance, especially in the government contracting space. This steady stream of work orders also enhances the company's revenue visibility for the current financial year (FY2025-26).

In recent years, NBCC has been actively participating in the redevelopment of heritage and government complexes, which includes projects for CPWD, AIIMS campuses, Central Armed Police Forces, and state government authorities. These projects have helped the company maintain a strong order book position, ensuring revenue growth stability.

Regulatory Compliance and Investor Transparency:

The company’s disclosure is in accordance with SEBI’s listing regulations, particularly under provisions meant to maintain transparency with investors and stakeholders. The company also highlighted that the same information has been made publicly available on its official website.

NBCC’s regulatory communication, through its Company Secretary Deepti Gambhir, reaffirms its commitment to high standards of corporate governance and timely disclosures.

Looking Ahead:

With this new addition to its project portfolio, NBCC continues to bolster its standing in India’s public infrastructure development sector. As the Government of India continues to push for modernization and digitization of training institutions and public offices, NBCC is expected to be a key executor of these plans.

The current project is not only a testament to NBCC’s capabilities but also a reflection of the trust placed in it by ministries and government bodies. Going forward, such projects are anticipated to help NBCC maintain growth momentum, profitability, and a competitive edge in the PSU segment.

Conclusion: The ₹95.66 crore renovation work for the Sushma Swaraj Institute of Foreign Service, awarded to NBCC (India) Limited, is a notable development in the company’s ongoing operational narrative. While it falls under the regular course of business, it adds meaningful value to its order book and underscores the confidence that high-level government departments place in NBCC’s execution abilities.

The project also aligns with national interests, particularly in enhancing India’s diplomatic infrastructure, and contributes to the nation-building process—a key mission of NBCC.

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