NBCC signs MoU with its subsidiary HSCL
NBCC (India) Limited has signed an MoU with its subsidiary company Hindustan Steelworks Construction Limited (HSCL) for the FY2019-20
December 24, 2019
Navratna PSU NBCC (India) Limited
has signed an MoU (Memorandum of Understanding) for the year 2019-20 with its subsidiary company Hindustan Steelworks Construction Limited (HSCL) on December 24 at NBCC Corporate Office, New Delhi.
The annual MoU has been signed by NBCC Limited's CMD PK Gupta, on behalf of NBCC, and HSCL's Managing Director Rajendra Chaudhari, on behalf of HSCL. On the occasion, NBCC's Director (Projects) Neelesh Shah, HSCL's Chief Executive Officer (CEO) KPM Swamy were also present. This MoU outlines performance targets for HSCL based on various financial parameters, dynamic parameters, sector-specific and enterprise-specific parameters.
NBCC (India) Limited
is a Navratna enterprise under the Ministry of Housing and Urban Affairs. The PSU is certified with ISO 9001:2015 from the Bureau of Indian Standards in respect of project management and consultancy. The company’s present areas of operations are categorised into three main segments: Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
Hindustan Steelworks Construction Limited (HSCL)
Hindustan Steelworks Construction Limited (HSCL) is the subsidiary company of NBCC Limited. Currently NBCC Limited holds 51 percent shares. It is an ISO 9001: 2015 certified company with over 54 years of excellence in the construction sector and successful projects spanning all across the country. HSCL has a versatile infrastructure portfolio and is a pioneer in delivering exceptional value to its clients by way of executing construction projects of the highest quality standards.
HSCL was formed as a construction organization with a mandate of developing and sourcing indigenous capabilities for setting up of Integrated Steel Plants in India.