NCCCL secures repeat ₹112.5 Crore mandate for First Residential Tower in Lodha's 200+ Acre Mandwa, Alibaug Development

New Consolidated Construction Company Limited (NCCCL), one of India's long-established engineering and construction companies, has received a Letter of Award from Lodha Developers Limited for the construction of Tower 1 and associated non-tower ancillary structures at Lodha Alibaug, the group's large-format residential development at Mandwa, Alibaug.

The project represents the first residential tower within the 200+ acre township and forms part of Phase 1 of the development. NCCCL's scope comprises reinforced cement concrete (RCC) works, covering the project's core structural package, among the most execution-intensive and schedulecritical components of a high-rise residential development.

Awarded through a competitive bidding process, the mandate involves a total built-up area of approximately 7.26 lakh sq. ft., with an estimated contract value of ₹112.5 crore (exclusive of GST). The building configuration includes a G+3 podium with 35 upper floors, overhead tanks (OHT), lift machine rooms (LMR), and G+3 non-tower ancillary structures.

Commenting on the award, Mahesh Mudda, Vice Chairman and Managing Director, NCCCL, said: "This mandate reinforces the depth of our working relationship with Lodha Developers. Selection through a competitive process underscores the importance placed on execution capability, planning discipline, and governance across extended construction cycles. Our prior engagements established credibility on these parameters, which continues to drive repeat collaboration."

Construction will be executed using a monolithic RCC system with aluminium formwork (Aluform), a methodology widely adopted for high-rise residential projects requiring consistency, speed, and structural precision. NCCCL's experience with such systems across comparable developments underpins its execution approach on the project.

Himanshu Vakharia, Executive Director - Operations, NCCCL, added: "Large residential projects demand sustained execution reliability over long timelines. Our experience across asset classes and geographies allows us to integrate engineering coordination, workforce readiness, quality controls, and process discipline to deliver predictable outcomes - factors that continue to earn the confidence of established developers."

This is NCCCL's third engagement with the Lodha Group, following the completion of a residential project at Palava spanning approximately 13 lakh sq. ft. across 11 towers, and a commercial building in Thane. Construction at the Mandwa, Alibaug site is expected to commence around mid-January 2026, with an execution period of approximately 24 months.

Shares of Lodha Developers Limited was last trading in BSE at Rs. 1120.40 as compared to the previous close of Rs. 1086.35. The total number of shares traded during the day was 131326 in over 7243 trades.

The stock hit an intraday high of Rs. 1130.75 and intraday low of 1086.10. The net turnover during the day was Rs. 146829448.00.

Source : Equity Bulls

Keywords

LodhaDevelopers INE670K01029 Realty NCCCL