State-run NBCC (India) Limited has received a ‘No Objection’ from the Department of Investment and Public Asset Management (DIPAM) for the proposed merger of its wholly owned subsidiary HSCC (India) Limited with itself, according to an exchange filing dated April 17, 2026.
The approval has been conveyed via an Office Memorandum issued by DIPAM under the Ministry of Finance on April 16, 2026, allowing the merger process to move forward in compliance with existing guidelines. HSCC (India) Limited will be merged with NBCC, the holding company, subject to further regulatory and procedural approvals.
HSCC (India) Limited is a government-owned consultancy and project management company specialising in healthcare infrastructure development. The company has played a key role in executing large hospital and medical college projects across India and overseas, including institutions under the Ministry of Health and Family Welfare. Its expertise lies in end-to-end project management, procurement consultancy, and healthcare facility design.
The proposed merger is expected to create operational synergies by integrating HSCC’s domain expertise in healthcare infrastructure with NBCC’s strong execution capabilities in engineering, procurement, and construction (EPC), real estate development, and project management consultancy. Industry observers note that the consolidation could help streamline operations, reduce administrative overheads, and improve project delivery timelines.
Additionally, the merger is likely to strengthen NBCC’s presence in the healthcare infrastructure segment, a key focus area for government spending, while enabling better resource utilisation and improved financial efficiency at the group level.
The development marks another step in the government’s broader strategy of consolidating public sector entities to enhance efficiency, scale, and competitiveness.