State-owned NBCC (India) Ltd announced on Monday (January 12) that its wholly owned subsidiary HSCC (India) Ltd has entered into a memorandum of understanding with Bharat Electronics Ltd (BEL) to establish a strategic collaboration in the healthcare manufacturing and service ecosystem.

Strategic Healthcare Partnership

The MoU establishes a comprehensive framework for cooperation between HSCC and BEL across multiple healthcare domains. The collaboration encompasses several key areas designed to strengthen both companies' presence in the healthcare sector.

The agreement provides a framework for cooperation, with project-specific agreements to be executed separately as and when required. According to the disclosure, the MoU has been signed in the normal course of business of the subsidiary company.

Recent Work Order Wins

Last week, NBCC (India) announced it has received work orders worth approximately ₹134.05 crore. The orders, received in the ordinary course of business, demonstrate the company's continued growth in project management consultancy services.

Both contracts have been awarded by domestic entities and involve project management consultancy services. The work orders are part of NBCC's regular business operations and will be executed in accordance with the terms specified by the respective clients.

Market Performance

Shares of NBCC (India) Ltd ended at ₹107.80, down by ₹1.40, or 1.28%, on the BSE during the trading session.

NBCC (India) Limited has announced that its wholly owned subsidiary HSCC (India) Limited has signed a strategic memorandum of understanding with Bharat Electronics Limited (BEL) to develop a comprehensive healthcare manufacturing and service ecosystem. The collaboration was formally communicated to stock exchanges on January 12, 2026.

Strategic Partnership Details

The MoU between HSCC and BEL establishes a framework for collaboration across multiple healthcare sectors. The partnership encompasses a wide range of services and manufacturing capabilities designed to strengthen India's healthcare infrastructure.

Implementation Framework

The strategic collaboration will be implemented through project-specific agreements that will be executed separately for individual initiatives. This approach allows both companies to maintain flexibility while ensuring focused execution of specific healthcare projects.

The partnership leverages HSCC's expertise in healthcare infrastructure development as a subsidiary of NBCC, combined with BEL's technological capabilities in electronics and defense manufacturing. This collaboration is expected to create synergies in the healthcare sector through combined technical expertise and project execution capabilities.

Business Impact

NBCC has clarified that the MoU signed by its subsidiary HSCC is in the normal course of business operations. The collaboration represents a strategic expansion of HSCC's healthcare sector activities while maintaining alignment with the parent company's infrastructure development focus.

The partnership positions both organizations to participate more effectively in India's growing healthcare infrastructure market, particularly in areas requiring advanced medical devices and digital healthcare solutions.