NCCCL, Subsidiary of Nisus Finance Services Co Limited secures repeat INR 112.5 Crore mandate for first Residential Tower in Lodha''s 200+ Acres Mandwa, Alibaug Development. The details ....
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Nisus Finance's subsidiary NCCCL has secured a ₹112.5 crore construction mandate from Lodha Developers for Tower 1 of Lodha's 200+ acre Mandwa, Alibaug residential development. The scope covers RCC (reinforced cement concrete) structural works for approximately 7.26 lakh sq. ft., including a G+3 podium and 35 upper floors, with construction set to begin mid-January 2026 over an estimated 24-month period. This is NCCCL's third engagement with the Lodha Group, following a 13 lakh sq. ft. residential project in Palava and a commercial building in Thane, with the order won through competitive bidding. Nisus Finance acquired a majority stake in NCCCL through a management-led buyout in August 2025, and as of H1 FY26 manages assets worth ₹1,906 crore.
This repeat order strengthens NCCCL's revenue visibility for the next two years and validates the execution credentials that led to Nisus Finance's acquisition. For shareholders, it signals continued order inflow at the construction subsidiary, though the contract size remains modest relative to Nisus Finance's overall asset base, limiting direct EPS impact.