NCC shares crash 10% after NHAI imposes 2-year debarment ban

Mumbai: Shares of NCC Limited tumbled nearly 10 per cent in intra-day trade on Thursday after the company and its step-down subsidiary faced a two-year debarment order from the National Highways Authority of India (NHAI).

The sharp fall dragged the stock to its lowest level in the past one year. The stock slipped 9.85 per cent on the National Stock Exchange (NSE) to Rs 135 apiece, marking a fresh 52-week low.

The decline came after the company informed exchanges about regulatory action taken against it and its subsidiary.

In an exchange filing, NCC said that OB Infrastructure Limited (OBIL), its step-down subsidiary, along with NCC, has received a debarment order from NHAI for a period of two years.The order prevents both companies from participating in any tender, bid or request for proposal issued by NHAI.

This includes roles such as concessionaire, contractor, EPC contractor, O&M contractor, O&M agency or consortium member.

The restriction is effective from February 17, 2026. The debarment is linked to a highway project in Uttar Pradesh that was executed by OBIL under a 2006 concession agreement.