Supreme Court approves NBCC to complete 16 stalled Supertech projects

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₹98.18

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+2.5%+1.4% vs market

Civil Construction peers, median of 97sector+2.2%+1.7% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 1.7 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Supreme Court has upheld the NCLAT order dated 12.12.2024, allowing NBCC to complete 16 stalled Supertech projects comprising 49,748 houses across Uttar Pradesh, Uttarakhand, Haryana and Karnataka. Estimated construction cost about Rs 9,445 crore including 3% contingency. NBCC earns 8% PMC fee, including 1% marketing fee. Detailed order awaited.

Likely market impact

Positive for shareholders. Confirms Rs 9,445 crore project pipeline with 8% PMC fee income. Removes legal uncertainty around stalled Supertech projects.