New Delhi: State-owned NBCC (India) Limited has approved a major corporate restructuring plan by proposing the merger of its wholly-owned subsidiary HSCC (India) Limited with itself. The move is aimed at simplifying the company’s corporate structure, improving operational efficiency, and strengthening its position in India’s infrastructure and project management sector.
The Board of Directors of NBCC approved the Scheme of Arrangement for the merger of HSCC with NBCC, along with their respective shareholders and creditors, during its meeting held on July 14, 2026. The appointed date for the merger has been fixed as April 1, 2026.
Why NBCC Is Merging HSCC
HSCC (India) Limited, a 100% wholly-owned subsidiary of NBCC, is primarily engaged in healthcare infrastructure consultancy and project management services.
According to the approved scheme, the merger is intended to:
- Simplify NBCC’s corporate structure
- Improve operational efficiency
- Reduce administrative and compliance costs
- Eliminate duplication of functions
- Strengthen governance and resource utilisation
- Create a unified platform for delivering infrastructure projects
Since HSCC is already a wholly-owned subsidiary, NBCC will not issue any new shares as part of the merger.
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Merger Aligns with Government’s CPSE Rationalisation Policy
The proposed merger supports the Government of India’s policy of consolidating and rationalising Central Public Sector Enterprises (CPSEs) to enhance scale, improve efficiency, and strengthen public sector organisations.
By integrating HSCC into NBCC, the company expects to leverage combined expertise in infrastructure consultancy, project execution, and engineering services while improving overall competitiveness.
Regulatory Framework and Approvals
The merger will be carried out under Sections 230 to 232 of the Companies Act, 2013, along with other applicable legal provisions.
A significant milestone has already been achieved, as the Department of Investment and Public Asset Management (DIPAM) has issued its ‘No Objection’ for the proposed Scheme of Arrangement.
The detailed merger scheme has also been submitted to the stock exchanges in accordance with regulatory disclosure requirements.
Expected Benefits of the Merger
NBCC believes the merger will deliver several long-term advantages, including:
- Better operational and financial efficiency
- Stronger governance framework
- Improved utilisation of human and financial resources
- Faster decision-making through a unified organisational structure
- Enhanced project execution capabilities
- Greater focus on infrastructure and consultancy services
The integration is expected to further strengthen NBCC’s leadership in India’s project management and infrastructure consultancy sector.
Impact on Shareholders
As HSCC is a 100% owned subsidiary, the merger will not involve any share swap or issuance of fresh equity by NBCC.
This simplifies the transaction while ensuring a seamless integration of operations under a single corporate entity.
About NBCC (India) Limited
NBCC (India) Limited is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs. The company specializes in project management consultancy, engineering procurement and construction (EPC), real estate development, and redevelopment projects across India. NBCC plays a key role in executing major government infrastructure and urban development projects.
About HSCC (India) Limited
HSCC (India) Limited is a wholly-owned subsidiary of NBCC and a leading public sector consultancy company specializing in healthcare infrastructure. The company provides project management, procurement, engineering, and consultancy services for hospitals, medical colleges, healthcare institutions, and other public health infrastructure projects across India and overseas.
Read also: NBCC Secures ₹501.45 Crore New Orders Across Education, Defence and CSR Infrastructure Projects
