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Hindustan Construction Co. Ltd. Capital/Financing Update 2020
61640_rns_2020-07-17_9659aa2d-018e-4f9c-aaf0-449891ee2526.pdf
Capital/Financing Update
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July 17, 2020
| BSE Limited, | National Stock Exchange of lndia Ltd, |
|---|---|
| The Corporate Relationship Dept, | Exchange Plaza, |
| 1st Floor, Phiroze Jeejeebhoy Towers, | Bandra-Kurla Complex, Bandra (East), |
| Dalal Street, Mumbai-400 001 | Mumbai - 400 051. |
Dear Sir,
Sub.: DBL- HCC JV wins Rs.1.900 crore NHAl contract
We are enclosing herewith a copy of Press Release that is being issued by the Company today in connection with the above.
We request you to take note of the same.
Thanking you,
Yours faithfully, For Hindustan Construction Co. Ltd
Vithal Kulkarni Company Secretary
Encl: As above
Hindustan Construction Co Ltd
Press Release
DBL-HCC JV wins Rs.1,900 crore NHAI contract
Mumbai, July 17, 2020: Hindustan Construction Company Ltd. (HCC), in a joint venture with Dilip Buildcon Limited (DBL), has been awarded a Rs.1,900 crore contract by the Nalio~~al Hiyllway Aulllorily or lr~dia (NHAI), lor cleslyrl and corlslrucllorl of a 22-krrl road to link Jharkhand and Bihar, which will include a four-lane bridge over the Ganga river. The road will connect Sahibganj bypass in Jharkhand to Manihari bypass in Bihar. HCC share in the JV is 26% (i.e. Rs.494 crore).
The scope of work envisages construction of 15.885 km new link (NH-1338) including 6 km long Ganga Bridge to 4 lane standard connecting Jharkhand with Bihar, construction of 6 km Manihari Bypass in Bihar to 4 lane standard and widening of NH-131A ending near Narenpur to 4 lane standard in Bihar.
Mr. Arjun Dhawan, Group Chief Executive Officer said, "Our JV is proud to work on this important NHAI project that will improve infrastructure in Bihar and Jharkhand, generating long term benefits to the socio-economic conditions of the region."
HCC's association with the state of Bihar dates to the early sixties when it built India's first road cum rail bridge - Rajendra Setu -across river Ganga at Mokameh. To date, the company has built several railway bridges for Eastern Railway, North Frontier Railways. The lndrapuri Barrage built across river Sone in Rohtas District in 1966 was the fourth-longest barrage (1,409 M) in the world. For the NHAI, HCC has built the Grand Trunk Road Improvement Project in 2007. Recent projects completed in Bihar are rail cum road bridge across river Ganga at Munger and Sone Bridge near Patna.
About HCC:
HCC is a business group of global scale developing and building responsible infrastructure through next practices. With an engineering heritage of nearly 100 years, HCC has executed a majority of India's landmark infrastructure projects, having constructed 27% of India's Hydro Power generation and 60% of India's Nuclear Power generation capacities, over 3,960 lane km of Expressways and Highways, more than 360 km of complex Tunnelling and 383 Bridges. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. The HCC Group, with a group turnover of Rs. 9,437 crore, comprises of HCC Ltd., HCC Infrastructure Co. Ltd., and Steiner AG in Switzerland.
For further information:
Sandeep Sawant Hindustan Construction Company Ltd +91 22 2575 1000, Mobile: +91 98339 92874 Email: [email protected]