NBCC gets GST demand of about Rs 79.95 crore on two overseas projects

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NBCC · price

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Price reactionminutes from the announcement price · days from the prior close

-4.1%Reaction day

₹102.08

prior close

₹100.33

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.7%-1.4% vs market

Civil Construction peers, median of 95sector-3.2%-0.9% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

-4.1-2.7-1.4-3.2-0.9

Next day

-4.5-3.4-1.1-4.3-0.2

-2.7-2.5-0.2-3.1+0.4

-6.8-4.4-2.4-4.9-1.9

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15d

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-17.8-7.7-10.1-13.8-4.0

-8.9+2.2-11.1-3.2-5.6

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 95Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NBCC received GST orders from Delhi CGST authorities for two overseas PMC projects. Total demand with interest and penalty is about Rs 79.95 crore. Issues involve ITC apportionment under Rules 42 and 43 and reversal from cancelled dealers. Company is filing appeal and expects no material impact on finances or operations.

Likely market impact

Tax demand is contested; company filing appeal. Says no material financial impact expected, but order adds overhang on stock.