The collaboration will cover manufacturing and supply of medical devices, healthcare IT and digital solutions, consultancy, project execution, joint procurement, AMC and warranty support, and related advisory services. Project-specific agreements will be executed separately.

The company clarified that the MoU has been entered into in the normal course of business of the subsidiary.

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

The company's consolidated net profit advanced 25.21% to Rs 156.68 crore on an 18.99% rise in revenue from operations to Rs 2,910.19 crore in Q2 FY26 over Q2 FY25.

Shares of NBCC (India) fell 1.67% to Rs 105.85 on the BSE.