# NBCC acquires 51% stake in Hindustan Steelworks Construction

Competition Commission of India approved NBCC's takeover of Hindustan Steelworks Construction Ltd (HSCL). NBCC acquired 51% of HSCL's post-issue share capital, making HSCL a subsidiary.

- Type: Acquisition
- Announced: 2017-04-03
- Where: India
- Status: completed
- Products: construction services, steel plant construction, infrastructure, mining
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [NBCC India](https://endata.com/companies/23303.md) (acquirer)
- [Hindustan Steelworks Construction](https://endata.com/companies/23304.md) (target)

## Sources

- [india.com](https://www.india.com/news/agencies/cci-okays-nbccs-takeover-of-hindustan-steelworks-construction-1990488/), 2017-04-03: "CCI has approved the proposal of state-owned construction firm NBCC India Ltd to acquire Hindustan Steelworks Construction Ltd (HSCL)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.