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HCC Infra ties up with Orascom to develop highway projects

09 Jun 2010 Evaluate

HCC Infrastructure, a wholly-owned subsidiary of Hindustan Construction Company, has signed a Memorandum of Understanding, with Orascom Construction Industries, a construction contractor based in Egypt.

 

The objective of the MoU is to enable the partners to jointly bid and develop large National Highways Authority of India projects. HCC Infra and Orascom will also explore a broader scope of partnership, with the intent of jointly creating a premium portfolio of infrastructure assets across different sectors in India.

 

The Egyptian Government has enhanced the pace of development of world-class infrastructure and has chosen Public Private Partnership as the main tool to implement this. To participate in the programme, HCC has chosen to partner OCI, a company in which it finds a wealth of expertise and commitment, to create quality infrastructure.

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Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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