NBCC, BEL Forge Strategic Healthcare Manufacturing Alliance
Overview
NBCC India's subsidiary HSCC has signed a Memorandum of Understanding with Bharat Electronics Ltd. The collaboration targets the healthcare sector, focusing on manufacturing medical devices, digital solutions, and project execution. This partnership aims to bolster domestic capabilities in a critical industry.
Stocks Mentioned
Scope of Collaboration
The agreement spans multiple critical areas within the healthcare domain. Both entities will work jointly on the manufacturing and supply of medical devices. The partnership also encompasses healthcare IT, digital solutions, consultancy services, and comprehensive project execution capabilities.
Furthermore, the MoU includes provisions for joint procurement strategies and ongoing support services such as Annual Maintenance Contracts (AMC) and warranty support. Advisory services linked to healthcare projects are also part of the framework.
Framework for Future Projects
This MoU establishes a broad cooperation framework. Project-specific agreements will be finalized and executed individually as opportunities arise. The company stated the agreement was signed in the normal course of business for its subsidiary.
Recent NBCC Contracts
This development follows NBCC's recent announcements of securing multiple work orders. Last week, the company reported receiving orders worth approximately ₹134.05 crore for construction and renovation works at Maharaja Sriram Chandra Bhanja Deo University, Odisha, and for civil works under the Godabarisha Mishra Adarsha Prathamika Vidyalaya Scheme in Odisha, totaling ₹88.18 crore. NBCC also recently settled a dispute with the Delhi government, acquiring 21 acres for a ₹8,500 crore project.
Shares of NBCC (India) Ltd closed at ₹107.80 on the BSE, marking a decrease of ₹1.40 or 1.28%.
