Nisus Acquires Majority Stake in NCCCL for Rs 700 Million

09 Sep 2025 CW Team

The acquisition represents a strategic milestone in Nisus Finance’s goal to consolidate its urban infrastructure platform. As part of the transition, NCCCL’s Managing Director and CEO Mahesh Mudda will become the Promoter, while the existing senior leadership team remains in place, ensuring operational continuity and execution strength.

“This transaction unlocks a new growth chapter for Nisus,” said Amit Goenka, Chairman and Managing Director of Nisus Finance. “The alignment of our capital strategy with NCCCL’s proven construction legacy enables us to scale efficiently and build resilience in a sector poised for transformative growth.”

Strategic Benefits of the Acquisition:

Urban Infrastructure Integration: The deal combines Nisus’ financial strength with NCCCL’s eight-decade heritage in construction and project delivery.
Diversified Revenue Streams: Nisus can now participate across both financing and operational areas of infrastructure development.
Developer Access: The acquisition broadens client relationships, enabling access to premium projects and marquee developers.
Operational Gains: NCCCL’s robust delivery track record will help enhance governance, efficiency, and institutionalisation of processes.

Abbas Jasdanwalla, Chairman of NCCCL, stated, “This partnership empowers us to honour our legacy while accelerating transformation. The leadership synergy between Mahesh Mudda and Amit Goenka will propel us into a new era of growth.”

Looking ahead, Nisus plans to capitalise on strong sectoral tailwinds, including demand for smart cities, urban housing, data centres, and logistics parks. The acquisition is expected to increase Nisus’ assets under management (AUM) and boost its return on capital employed.

“This is more than just a leadership shift—it’s a transformation,” said Mahesh Mudda. “As a professional-turned-Promoter, I bring four decades of experience to evolve NCCCL into a technology-led, future-ready company. With Nisus’ strategic backing, we aim to institutionalise execution while remaining anchored in trust and engineering excellence.”

Nisus Finance Services Co Limited has acquired a majority stake in New Consolidated Construction Company Ltd (NCCCL) through its subsidiary, Nisus Finance Projects LLP. The management-led, all-cash buyout includes a Rs 700 million infusion as primary growth capital, aimed at strengthening NCCCL’s balance sheet and driving its expansion across India’s infrastructure landscape.The acquisition represents a strategic milestone in Nisus Finance’s goal to consolidate its urban infrastructure platform. As part of the transition, NCCCL’s Managing Director and CEO Mahesh Mudda will become the Promoter, while the existing senior leadership team remains in place, ensuring operational continuity and execution strength.“This transaction unlocks a new growth chapter for Nisus,” said Amit Goenka, Chairman and Managing Director of Nisus Finance. “The alignment of our capital strategy with NCCCL’s proven construction legacy enables us to scale efficiently and build resilience in a sector poised for transformative growth.”Strategic Benefits of the Acquisition:Urban Infrastructure Integration: The deal combines Nisus’ financial strength with NCCCL’s eight-decade heritage in construction and project delivery.Diversified Revenue Streams: Nisus can now participate across both financing and operational areas of infrastructure development.Developer Access: The acquisition broadens client relationships, enabling access to premium projects and marquee developers.Operational Gains: NCCCL’s robust delivery track record will help enhance governance, efficiency, and institutionalisation of processes.Abbas Jasdanwalla, Chairman of NCCCL, stated, “This partnership empowers us to honour our legacy while accelerating transformation. The leadership synergy between Mahesh Mudda and Amit Goenka will propel us into a new era of growth.”Looking ahead, Nisus plans to capitalise on strong sectoral tailwinds, including demand for smart cities, urban housing, data centres, and logistics parks. The acquisition is expected to increase Nisus’ assets under management (AUM) and boost its return on capital employed.“This is more than just a leadership shift—it’s a transformation,” said Mahesh Mudda. “As a professional-turned-Promoter, I bring four decades of experience to evolve NCCCL into a technology-led, future-ready company. With Nisus’ strategic backing, we aim to institutionalise execution while remaining anchored in trust and engineering excellence.”

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..