Main
NBCC gets CCI’s nod for takeover of HSCL


NBCC (India) Ltd. is set to acquire the Hindustan Steelworks Construction Ltd. (HSCL) with the Competition Commission of India approving its proposal on March 31.
It is worth mentioning here that the Board of HSCL had allotted Rs 35.7 crore equity share capital to NBCC on April 1.
With this acquisition, NBCC will add a new vertical to its business operation enriching its portfolio further and in turn, further reinforce its position as a leading construction company of the country.
In May last year, the Union Cabinet had approved the proposal for restructuring of HSCL and subsequently its takeover by the NBCC.
HSCL was incorporated in 1964 under the aegis of Steel Ministry for undertaking construction work related to steel plants. It is presently engaged in construction of buildings and infrastructure besides steel plants and has also forayed into certain activities in the mining sector.
-
News3 weeks ago
Vegas Mall Brings Dinosaurs to Life with All-New Dino Park Experience
-
News1 week ago
Migsun Appoints MORES as Strategic Sales Partner for Alpha Central in Greater Noida
-
News4 days ago
TRG Group Unveils ₹400 Cr TRG The Mall in NCR
-
News4 weeks ago
NBCC Concludes E-Auction of Aspire Silicon City to AU Real Estate for ₹1,467 crore
-
Guest Column4 weeks ago
Yamunanagar Real Estate: Rising Growth Story in Haryana
-
News3 weeks ago
Delhi-NCR Real Estate Market Steady Amid Slowdown: PropTiger Q1 2025 Report
-
News2 weeks ago
Shree Cement, RITES Sign MoU to Enhance Rail Infrastructure For Seamless Logistics
-
Guest Column3 weeks ago
Kundli-Sonipat Part of NCR Realty Boom Due to UER II, Delhi Metro, KMP Expressway, RRTS