NBCC bags ₹55-cr from Indian Overseas Bank for new Raipur regional office

State-owned NBCC (India) Ltd said on Wednesday, January 14, it has secured a work order worth approximately ₹55.02 crore from Indian Overseas Bank (IOB).

The contract involves planning, designing, executing,

and handover of IOB’s new regional office in Raipur. NBCC will execute the project as a project management consultancy. The order has been awarded by a domestic entity and will be carried out within India. The company has not disclosed the timeline for completion of the project.

Separately, on Monday, January 12, NBCC's wholly-owned subsidiary, HSCC (India) Ltd, signed a memorandum of understanding (MoU) withBharat Electronics Ltd (BEL) to establish a strategic collaboration in the healthcare manufacturing and services ecosystem.

Under the MoU, the two entities will work together in areas such as manufacturing and supply of medical devices, healthcare, IT and digital solutions, consultancy, project execution, joint procurement, as well as annual maintenance and warranty support. The collaboration will also extend to advisory services related to healthcare projects.

The agreement provides a broad framework for cooperation, with project-specific arrangements to be finalised separately as and when required. NBCC said the MoU has been signed in the normal course of business of the subsidiary company.

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Shares of NBCC (India) Ltd ended marginally lower on Wednesday, January 14, by 0.09% at ₹105.22.