NBCC (India) Ltd.

NBCC (India) is planning to invest around Rs 500 crore from internal accruals to acquire majority stake in two loss-making public sector firms (PSUs), by the second quarter of this fiscal.

The company is gradually moving towards consolidation in the construction business. As a part of the strategy, it acquired loss making HSCL.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.