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NBCC India plans to acquire sick PSUs, redevelop land banks
Hindustan Times
|November 26, 2024
NBCC India Ltd has set its sights on acquiring defunct public sector undertakings (PSUs) to redevelop and monetise their land, according to two people with direct knowledge of the matter, as the state-run construction company seeks to leverage success in developing land for some government-owned companies.
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The developer is in talks to acquire non-operational PSUs through a new subsidiary for monetizing their land banks, said the first person in the know, speaking on the condition of anonymity as details are not public yet.
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