Nbcc plans to cre­ate mega con­struc­tion gi­ant, might ac­quire 3 Psus

Realty Plus - - News -

State-run de­vel­oper Na­tional Build­ings Con­struc­tion Cor­po­ra­tion Lim­ited (NBCC) could ac­quire three other govern­ment-owned en­ti­ties En­gi­neer­ing Projects (In­dia) Ltd, Hin­dus­tan Pre­fab and Hos­pi­tal Ser­vices Con­sul­tancy Cor­po­ra­tion (In­dia) Lim­ited (HSCC) in a move to cre­ate a mega con­struc­tion com­pany.

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 a Rs 22,000 crore mar­ket cap Navratna com­pany that ex­e­cutes govern­ment projects, hous­ing schemes and in­fra­struc­ture projects.

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