HCC-HDC JV wins Rs. 2,126 crore Mumbai Coastal Road contract
Deepthi | Myequity news | Date : 03-10-2018 12:15:00 IST
Hindustan Construction Company Ltd. (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,I69 crore) and the project is to be completed in 4 years (48 months).
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.
Commenting on the new order, Mr. Arjun Dhawan, Director & Group Chief Executive Officer, HCC, said "The Mumbai Coastal Road will have a real impact on the lives of Mumbaikars by decongesting inner city roads and dramatically reducing travel time, while improving air quality around residential neighborhoods. For HCC, this prestigious and technically challenging project is a matter of immense pride and a natural extension of the Bandra Worli Sea Link constructed by it."
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 25% of India's Hydro Power generation and over 65% of India's Nuclear Power generation capacities, over 3,800 lane km of Expressways and Highways, more than 335 km of complex Tunneling and over 365 Bridges. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. The HCC Group, with a group turnover of Rs.10,132 crore, comprises of HCC Ltd., HCC Infrastructure Co. Ltd., and Steiner AG in Switzerland.