(India) Limited, [a wholly owned subsidiary of NBCC (India) Limited] and
As filed · Updates
BusinessWatchMinormateriality 54 out of 100
What happened
Fact(India) Limited, [a wholly owned subsidiary of NBCC (India) Limited] and. Bharat Electronics Limited (BEL). It is informed that HSCC (India) Limited, a wholly owned subsidiary of NBCC (India).
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
RevisedEarlierQ2 FY25
NBCC has secured INR6,800 crores on a consolidated basis in quarter 2, which makes a total of INR10,000 crores in first half of 2025-26.
NowQ2 FY25
In next half, we are expecting or INR 10-12,000 crores of new works to be awarded.
Change
FactTarget revision
Implication
CapitSignal interpretationThe earlier statement indicated a total of INR10,000 crores in the first half of 2025-26, while the current statement expects new works to be awarded in the range of INR10-12,000 crores in the next half. This represents a material change in the numeric target.
Watch next
Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
- the Ghitroni real estate project is in the final stage of resolution, and we will in position to award the wor (management committed by Q4 FY25)
- As you know, Q4 traditionally contributes the highest, and we expect this trend to further strengthen overall (management committed by H2 FY25)
Evidence
- NBCC (India) Limited has informed the Exchange regarding 'Intimation of Memorandum of Understanding (MoU) between HSCC (India) Limited, [a wholly owned subsidiary of NBCC (India) Limited] and Bharat Electronics Limited (BEL)'.(opens the original filing in a new tab)
- Earlier statement · Q2 FY25
- Latest statement · Q2 FY25
- Earlier statement · Q2 FY25
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%