NBCC and NHPC sign MoU for infrastructure projects across India
Author: CNBC-TV18 Markets·
Key Takeaways
- •NBCC and NHPC signed an MoU on August 28.
- •Under the agreement, NBCC will provide project management consultancy and infrastructure services for NHPC’s projects across India.
- •The pact gives NHPC formal access to NBCC’s project management services across multiple projects.
- •The agreement adds another institutional client to NBCC’s consultancy portfolio.
- •The arrangement underscores the role of government-owned firms in supporting infrastructure development through specialised execution support.
NBCC and NHPC signed an MoU on August 28, under which NBCC will provide project management consultancy and infrastructure services for NHPC’s projects across India. The agreement points to a broader role for public sector companies that combine engineering, construction and project execution capabilities, as infrastructure development continues to rely on specialised execution support from other government-owned entities. For NHPC, the pact formalises access to NBCC’s project management services across a range of projects, while NBCC adds another institutional client to its consultancy portfolio.
