Mumbai, April 17 -- The company participated in the e-auction held on 16 April 2026, and the total estimated investment for the proposed acquisition is about Rs 1,374.45 crore, payable in stages based on construction progress and subject to terms and conditions of the auction, it said in a regulatory filing.

In a separate development, NBCC said the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, has conveyed its 'no objection' to the merger of its wholly owned subsidiary HSCC (India) with the parent company.

NBCC (India) operates in three major segments-project management consultancy, real estate, and engineering procurement & construction.

The company's consolidated net profit advanced 38.5% to Rs 19...