CURRENT AFFAIRS

Detailed explanation-1: -It can be recalled that in May, 2016, the Cabinet had approved the proposal for restructuring of HSCL and subsequently its takeover by NBCC (India). HSCL was incorporated in 1964 under the aegis of Steel Ministry for undertaking construction work related to steel plants.

Detailed explanation-2: -NBCC (India) Ltd. Our Company was incorporated as National Buildings Construction Corporation Limited on November 15, 1960 as a private limited company under the Companies Act with Registration Number 3355 of 1960 and Corporate Identification Number as U74899DL1960GOI003335, registered with the RoC.

Detailed explanation-3: -NBCC (India) Limited was incorporated in November, 1960 under the Indian Companies Act, 1956 with the objective of becoming a leading company in the construction engineering and consultancy services and providing efficient and quality execution of projects.

Detailed explanation-4: -NBCC’s areas of operation encompass three (03) Primary Segments namely: Project Management Consultancy (PMC) : Executing landmark projects in diversified sectors as also Redevelopment Projects for Government.

Detailed explanation-5: -NBCC stands for National Buildings Construction Corporation. It is a Civil Engineering Enterprise under the Ministry of Housing & Urban Affairs of the Government of India.