The Top 50 Real State & Infra Company- RANK 26, HCC Ltd, Ajit Gulabchand, CMD
Hindustan Construction Company (HCC), in a joint venture with Hyundai Development Corporation (HDC), has been awarded a Rs 2,126 crore contract by the Municipal Corporation of Greater Mumbai (MCGM), for design and construction of the Mumbai Coastal Road Project, Package II. HCC’s share in the JV is 55% (Rs 1,169 crore) and the project is to be completed in four years. The scope of work includes design and construction of road, bridges, interchanges including reclamation and associated works between Baroda Palace near Haji Ali and the Worli end of Bandra Worli Sea Link.
HCC’s unit is also selling a road asset to I Squared Capital-backed Cube Highways and Infrastructure. Cube Highways will pay an equity consideration of Rs 372 crore to HCC Concessions for Farakka-Raiganj Highways. Its JV with MAX Group has won a Rs 737 crore contract from Russia for a nuclear power plant in Bangladesh. The contract includes civil works of Turbine Island for Unit 1 of Rooppur Nuclear Power Plant (NPP).
HCC, in a JV with Hyundai Development Corporation (HDC), has been awarded a Rs 2,126 crore contract by MCGM, for design and construction of the Mumbai Coastal Road Project, Package II.