HCC completes sale of Farakka Raiganj Highways to Cube Highways

23 Sep 2020

Hindustan Construction Company (HCC) Group’s subsidiary -- HCC Concessions has completed its 100% sale of Farakka-Raiganj Highways (FRHL) to Cube Highways and Infrastructure II Pte (Cube Highways). FRHL, which forms part of the main arterial highway in West Bengal, is among the largest Public Private Partnership (PPP) projects in India, with an enterprise valuation of Rs1,508 crore, comprising debt of Rs 905 crore and an equity valuation of Rs 603 crore.

Hindustan Construction Company 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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