Hindustan Construction Company’s (HCC) infrastructure development arm HCC Concessions has decided to sell its stake in Dhule Palesner Tollway to the Sadbhav Group, HCC's JV partner in the project, for Rs 204 crore. HCC Concessions is also expected to realize an estimated amount of Rs 24 crore from additional claims to be made to the NHAI, towards this project. The deal is subject to receipt of necessary clearances and is expected to close shortly.
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.
