HCC arm bags 3 NHAI orders

February 15, 2010

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HCC Infrastructure, a 100 per cent subsidiary of Hindustan Construction Company (HCC) has bagged three projects by National Highways Authority of India (NHAI) to develop three contiguous sections of nearly 256 km in length between Bahrampore and Dalkhola on NH-34 in West Bengal on a BOT (Toll) basis.

The special purpose companies, which will be implementing these projects under HCC, will get a capital grant of Rs 1,033 crore during the construction period, according to HCC’s official spokesman. In the wake of these contracts HCC’s order book position has move up by nearly Rs 2,860 crore, he said.

The first BOT contract entails the development of the existing two lanes to four lanes in the Baharampore and Farraka section of NH-34 (103 km) on a design, built, finance, operate and transfer (DBFOT) basis. The second BOT contract includes the development of the existing two lanes to four lanes on the Farraka and Raiganj section of NH-34 (103 km) on a DBFOT basis.

The third BOT contract involves the development of the existing two lanes to four lanes on the Raiganj and Dalkhola section of NH-34 (50 km), also on a DBFOT basis. The HCC spokesman said that the little over one year old HCC Infrastructure has also crossed the Rs 5,000 crore mark in terms of assets under management (AUM), following these orders. HCC Infrastructure’s portfolio now stands at Rs 5,500 crore with 6 BOT road projects.

Source: mydigitalfc.com