Hindustan Construction Company (HCC), India's leading infrastructure company, has been awarded contracts worth Rs 208 crore. This include contract from the Municipal Corporation of Brihan Mumbai for laying 1.765 km M.S. pipeline and another contract is from a leading petrochemical company for construction of Off-Gas Cracker and LLDPE process units.
Beside these orders, HCC has secured L1 positions in nine tenders aggregating to Rs 3,092 crore in which HCC's share is pegged Rs 2,964 crore. These L1 positions include three tenders in the hydropower segment and six tenders in the road segment for which the final work orders are awaited.
In another significant development, the Delhi High Court on September 22, 2014 had granted relief to HCC, directing payment of Rs 225 crore to HCC on its furnishing bank guarantee to the Delhi High Court to the extent of 50% of the value, in respect of the dispute arising out of extension of time claim in Allahabad Bypass Road project.
HCC is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.
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