NBCC Receives DIPAM No Objection To Merge HSCC

22 Apr 2026 CW Team

NBCC (India) Limited (NBCC) has received a no objection from the Department of Investment and Public Asset Management (DIPAM) to initiate the merger of its wholly owned subsidiary HSCC (India) Limited (HSCC) with the parent company. The approval was communicated by an office memorandum dated 16 April 2026 and provides the regulatory clearance required to begin the consolidation process. The company filing indicated that the clearance is a key procedural milestone in a wider restructuring plan. The filing noted that statutory approvals and shareholder clearances remain necessary before any legal integration.\n\nThe integration will bring HSCC, which focuses on healthcare infrastructure, under NBCC's project management and execution framework, aligning specialised capabilities with broader operations. The move is intended to simplify the corporate structure by reducing administrative layers and centralising decision making. NBCC expects the merger to enable better allocation of resources across projects and to support improvements in execution timelines and cost management.\n\nDespite the DIPAM no objection, the merger must proceed through further regulatory and procedural steps in line with applicable government norms before implementation. The company has set out a pathway that includes statutory approvals and compliance with prevailing guidelines, signalling a phased approach to consolidation. Stakeholder consultations and board level decisions will be required as the process advances to completion.\n\nThe consolidation echoes a broader trend in public sector enterprise restructuring aimed at enhancing efficiency and governance within state-owned companies. By housing specialised units within a single holding entity, authorities are seeking to streamline oversight and operational coordination. The DIPAM clearance initiates a structured process that positions NBCC to integrate HSCC's capabilities into its core operations.

Infrastructure Transport

22 Apr 2026

Ambala Cantonment Domestic Airport To Be Inaugurated Soon

Haryana's minister for civil aviation has said the Ambala Cantonment domestic airport will be inaugurated soon, marking a step in the state's efforts to expand air connectivity. The minister stated that formalities for opening the airport have been completed and that officials were coordinating with federal aviation agencies to finalise necessary clearances before commencing operations. The airport, located in Ambala Cantonment in northern Haryana, was developed to offer scheduled domestic services and to strengthen links between regional centres. The minister indicated that terminal facilitie..

Third Runway Project At Navi Mumbai International Airport Gets Underway

City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) has appointed a joint venture of RITES Limited and Creative Group LLP to undertake a techno-commercial feasibility study for the development of a third runway at Navi Mumbai International Airport in Ulwe, Raigad district. The appointment follows the commencement of commercial operations at the airport, which was formally inaugurated by Prime Minister Narendra Modi on eight October 2025 and opened for commercial flights on 25 December 2025. The Navi Mumbai International Airport is the second international airport in the Mumb..

JM Financial PE Leads Rs 150 Crore Investment in NG Electro

JM Financial PE has led a Rs 150 crore (Rs 1,500 million, Rs 1.5 bn) investment in NG Electro Products, a company that operates a contract manufacturing platform. The private equity arm assumed the role of lead investor in the financing round aimed at supporting the platform's next phase of growth. The transaction was presented as a strategic infusion of capital to enhance operational scale and market reach. NG Electro Products operates a contract manufacturing platform that provides manufacturing services to a range of clients in electronics and allied sectors. The platform aggregates manufac..