NBCC (India) Limited has received official regulatory approval from the Department of Investment and Public Asset Management (DIPAM) to proceed with its merger plans with HSCC (India) Limited. The company obtained a formal "no objection" certificate through an official communication dated April 16, 2026, clearing a significant regulatory milestone in the proposed consolidation.

Official DIPAM Communication Details

The approval came through a specific Office Memorandum from DIPAM, Ministry of Finance, Government of India. The formal documentation provides the regulatory framework for the merger to proceed between the holding company and its wholly owned subsidiary.

Merger Structure and Compliance

The merger involves HSCC (India) Limited, which operates as a wholly owned subsidiary of NBCC (India) Limited, the holding company. The DIPAM approval confirms that the proposed merger structure complies with existing government guidelines for public sector undertakings. This consolidation will bring together two established entities in the construction and project management sector under a unified corporate structure.

Corporate Disclosure and Next Steps

NBCC has formally communicated this development to both the National Stock Exchange of India Limited and BSE Limited as part of its general corporate disclosure obligations. The company has made the information publicly available on its official website, ensuring transparency in the merger process. With the DIPAM clearance secured, NBCC can now advance to subsequent phases of the merger procedure, including completion of additional regulatory requirements and procedural formalities to finalize the consolidation.

NBCC has successfully completed an e-auction for commercial built-up space at Bharat Business Park, Sarojini Nagar, New Delhi, marking a significant milestone in the company's project management activities. The auction concluded with impressive results, generating substantial revenue for the development.

Auction Performance

The e-auction achieved remarkable success with total sales reaching ₹5,779 crore for approximately 14 lakh square feet of commercial built-up space. This substantial figure demonstrates strong market demand for commercial properties in the Sarojini Nagar location.

Revenue Generation

NBCC will earn a marketing fee equivalent to 1% of the total sale value from this successful auction. This fee structure provides the company with direct revenue from facilitating the commercial space auction process, contributing positively to the company's earnings.

Official Communication

The company has officially communicated this development to stock exchanges, with Company Secretary Deepthi Gambhir signing the notification. The announcement has been made available on the company's official website under announcements and notices section.

Project Significance

The successful completion of this e-auction for Bharat Business Park represents NBCC's continued involvement in major real estate and infrastructure projects. The substantial sales value achieved indicates strong investor confidence and market demand for commercial properties in the prime Sarojini Nagar area of New Delhi.