NBCC (India) Limited has secured new project management consultancy (PMC) orders totalling ₹108.85 crore from the National Horticulture Board (NHB) and the Directorate of Technical Education and Training, Odisha. The company disclosed the awards in a filing with stock exchanges on July 24, 2026, confirming that the contracts were awarded in the ordinary course of business. These wins reinforce NBCC's position in the government infrastructure segment, adding significant value to its order book through central and state-level assignments.

The largest component of the award is an ₹88.43 crore contract from the Directorate of Technical Education and Training, Odisha, Cuttack. This project involves the construction of boys' and girls' hostels at various locations across Odisha. The second order, valued at ₹20.42 crore, was awarded by the National Horticulture Board for the construction of a Clean Plant Centre Laboratory and Office Building at ICAR-CITH, Srinagar, under the Clean Plant Programme. Both contracts are classified as domestic project management consultancy engagements.

Order Breakdown

The total order value of ₹108.85 crore is exclusive of GST. The distribution of the awards highlights a diversified client base spanning agricultural infrastructure and educational facilities.

Strategic Significance

These awards underscore NBCC's continued ability to secure large-scale government mandates. The Odisha order, constituting over 80% of the total value, demonstrates strong traction in state-level education infrastructure projects. Meanwhile, the National Horticulture Board contract reflects ongoing engagement with central ministries in specialized agricultural research facilities. Company Secretary Deepti Gambhir confirmed that neither transaction involves related parties or promoter interests, ensuring full compliance with regulatory norms.

NBCC (India) Limited has set April 1, 2026, as the appointed date for the merger of its wholly owned subsidiary, HSCC (India) Limited, into itself. The merger, approved by the board on July 14, 2026, aims to consolidate business operations and streamline the corporate structure. The Department of Investment and Public Asset Management (DIPAM) conveyed its 'No Objection' to the merger via an office memorandum dated July 9, 2026.

The scheme will be executed on a going concern basis under Sections 230 to 232 of the Companies Act, 2013, and is subject to requisite approvals from the Ministry of Corporate Affairs, Central Government, and other regulatory authorities. As HSCC is a wholly owned subsidiary, no shares, cash consideration, or any other consideration will be issued or paid by NBCC pursuant to the scheme. Consequently, there will be no change in the issued, subscribed, and paid-up share capital, shareholding pattern, voting rights, promoter shareholding, or public shareholding of NBCC.

The rationale for the amalgamation includes the complementary nature of the businesses and the potential for more efficient management. The merger is expected to simplify the corporate structure by eliminating multiple layers, reducing managerial overlap, and removing duplication of administrative functions. It also aims to enhance operational efficiency through the integration of business functions and enable focused decision-making.

Both entities are Central Public Sector Enterprises under the Ministry of Housing and Urban Affairs. HSCC is a Schedule-C, Mini Ratna Category-1 CPSE engaged in healthcare infrastructure consultancy and project management. NBCC is a Schedule-A, Navratna CPSE involved in Project Management Consultancy, Engineering Procurement and Construction, and Real Estate Development.

The financial details of the companies as on March 31, 2026, based on audited financial statements, are outlined below:

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE095N01031/115ce58522964a07.pdf