NBCC MAY ACQUIRE 3 GOVERNMENT OWNED ENTITIES TO CREATE MEGA CONSTRUCTION COMPANY

NBCC (India) Ltd may acquire three other government-owned entities to create a mega construction company, in line with the push for consolidation among public sector firms. The three that the NBCC could acquire include Engineering Projects (India) Ltd, Hindustan Prefab and Hospital Services Consultancy Corporation (India) Limited (HSCC).

The government has already invited expressions of interest (EOI) from similarly placed central public sector enterprises (CPSEs) for strategic sales in HSCC and National Projects Construction Corporation Ltd. The government is looking to sell its entire stake in all these companies. NBCC is Rs 22,000 crore market cap Navratna PSU and it that executes government projects, housing schemes and infrastructure projects.