HCC wins two orders worth Rs1,534 crore
Hindustan Construction Company (HCC) Ltd has won two major orders worth Rs1,534 crore in various business segments recently.
The first order is for the construction of a 10.2 km tunnel on the Udhampur-Srinagar-Baramulla railway line in Jammu & Kashmir. The second is an EPC order for expansion of a section of the NH-8 between Vadodara and Surat, which also includes the construction of an extra-dosed bridge across River Narmada.
The contract for construction of the 10.2 km tunnel (T48) on the Dharam-Qazigund Section is a repeat order to HCC awarded by IRCON International Limited, who is engaged in constructing the Udhampur-Srinagar-Baramula railway line. This contract is worth Rs884 crore and will be completed in 60 months. This will be the second largest tunnel in India. It follows the 10.96 km long Pir Panjal tunnel between Qazigund to Banihal, which has also been built by HCC. The Pir Panjal tunnel between Jammu and Qazigund is nearing completion.
The second order, with a value of Rs650 crore, is an EPC contract from HCC Concessions, a step down subsidiary of HCC. This contract was awarded by NHAI to HCC Concessions in April this year for the six-laning of a section of NH-8 between Vadodara and Surat. The scope of work also includes the construction of a new four-lane extra-dosed bridge across the Narmada river in Gujarat on a DBFOT (Toll) basis. Work has already commenced on this project, and it is scheduled for completion in 36 months.