NBCC Subsidiary HSCC Wins INR 98.17 Crore Work Order for Maharashtra E-Library

Team Finance Saathi

    20/Dec/2024

What's covered under the Article:

  1. HSCC, a wholly-owned subsidiary of NBCC, secured a INR 98.17 crore work order from DMER, Maharashtra.
  2. The project involves setting up an e-library for 22 medical and 3 dental colleges under DMER.
  3. The contract falls under NBCC’s normal business operations and reinforces its role in infrastructure development.

HSCC (India) Limited, a wholly owned subsidiary of NBCC (India) Limited, has secured a significant work order worth INR 98.17 crore for the establishment of an E-Library as a unified platform for students and faculty at 22 Government Medical Colleges and 3 Dental Colleges under the Medical Education Department of Maharashtra. This project is an essential step toward modernizing and digitalizing the education infrastructure in the state, enhancing accessibility to medical resources for students and faculty alike.

Project Details

The work order was awarded by the Director, Medical Education Research (DMER), Mumbai, Maharashtra. The primary goal of the project is to create a comprehensive E-Library platform, providing digital access to a wide range of academic resources. This initiative will play a pivotal role in improving the quality of education at the medical and dental colleges in the state, ensuring that both students and faculty members have access to up-to-date and extensive medical knowledge.

The contract amount for this project is INR 98.17 crore, reflecting the scale and importance of the work involved. The project is considered a part of the normal course of business for HSCC (India), which has a strong track record in executing infrastructure projects in the public sector, particularly in healthcare and education.

Impact on HSCC (India) and NBCC (India)

This contract not only contributes to HSCC (India)'s portfolio but also reinforces the company's position as a leader in public sector projects, particularly in the field of healthcare infrastructure. The awarding of this work order highlights the ongoing trust that government bodies place in HSCC to deliver complex and impactful projects. The successful completion of this E-Library project will likely lead to more opportunities in the future, both within Maharashtra and in other states.

As a wholly owned subsidiary of NBCC, HSCC's success directly contributes to the parent company’s overall growth. The E-Library project aligns with NBCC (India)'s vision to be a major player in the infrastructure development sector, supporting the government’s initiatives in enhancing educational facilities across the nation.

No Related Party Transactions

It is important to note that this work order falls under the normal course of business for HSCC (India) and is not a part of any related party transactions. The project is a public sector contract awarded based on merit and capability, in line with the transparency and arm's length principles upheld by both HSCC and NBCC.

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