NBCC may acquire 3 PSUs
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.