Newsletter
NCC has received a Letter of Acceptance from Bihar’s Water Resources Department for a ₹2,090 crore project in Jamui district.
The deets: the contract involves building the Barnar Reservoir Scheme, which includes the reservoir itself, dam structures, irrigation channels, and supporting infrastructure.
Once complete, the project will boost irrigation capacity and provide a steady water supply to farmers in the region.
Why it matters: Jamui and surrounding districts in southern Bihar largely grow paddy, wheat, pulses, and maize. Farming here depends heavily on the monsoon, leaving crops vulnerable to erratic rainfall and water scarcity.
The Barnar project will help stabilise agricultural output by ensuring year-round irrigation, supporting crop diversification, and improving rural livelihoods. It also opens up opportunities for fishery and allied activities in the reservoir, creating a broader economic impact for local communities.
Zoom out: while order wins continue to flow in, NCC’s recent earnings showed some pressure. In Q1FY26, net profit slipped 8.4% year-on-year to ₹192.1 crore, and revenue fell 6.3% to ₹5,179 crore.
The big question for investors is whether large project inflows like this can translate into sustained financial momentum in the coming quarters.
