Hindustan Steelworks Construction Limited (HSCL), a prominent subsidiary of NBCC (India) Limited, has recently secured a significant project awarded by the Bank of Baroda. The contract, valued at approximately ₹65 crore, entails comprehensive development works on the Bank’s commercial plot situated in Financial City, Bengaluru Hardware Park, in Bengaluru.
This project will be undertaken on a deposit work basis, a model in which HSCL will execute the development works under the financial arrangement provided by Bank of Baroda. The contract marks another milestone for HSCL, underscoring its role as a key player in infrastructure and construction services within the public sector.
The award of this project is anticipated to further bolster HSCL’s portfolio, aligning with NBCC’s ongoing commitment to enhancing India’s infrastructure landscape through high-quality development projects. This new engagement is not only a testament to HSCL’s expertise and reliability in handling large-scale projects but also highlights the growing trust and collaboration between NBCC’s subsidiaries and major financial institutions in India. As the project progresses, it is expected to contribute positively to the infrastructure development in the region, supporting Bengaluru’s status as a financial and technological hub.
