Oct 16, 2016

HCC-VCCL JV bags Rs 367.72 Crore Safety Tunnel project on NFR

“HCC in joint venture with VCCL has been awarded a Rs 367.72 crore contract by Northeast Frontier Railway to construct a safety tunnel between Tupul and Imphal in Manipur,” HCC said in a BSE filing.

Railway tunnels are safe places, as is the entire railway system, where the safety levels are higher compared to road transport. Tunnel Safety TSIs encourage technological progress in the railway industry.
Infrastructure major M/s Hindustan Construction Company Ltd (HCC) in joint venture with Vensar Constructions Company Ltd (VCCL), has been awarded Rs 367.72 crore order for construction of safety tunnel in Manipur. “HCC in joint venture with VCCL has been awarded a Rs 367.72 crore contract by Northeast Frontier Railway to construct a safety tunnel between Tupul and Imphal in Manipur,” HCC said in a BSE filing. This is the fifth order received by Northeast Frontier Railway on the new railway line being constructed between Jiribam and Imphal. Shares of the company were trading at Rs 35.35 on BSE, up 4.59 percent from the previous close.
Commenting on new order win, Mr. Arun Karambelkar, President & CEO-E&C, HCC Ltd said, “HCC is proud to receive the order from the Indian Railways for this prestigious project, which will provide impetus to the socio-economic development of the state. This order is strong attestation of HCC’s delivery in infrastructure. HCC with its sound engineering expertise and committed team is all set to leverage the opportunities in the infrastructure space”.
Earlier in February, 2016, the same consortium JV viz.HCL-VCCL JV had been awarded Rs.1114 Crore project by the Public Works Department (PWD) of Government of Manipur. The contract was for construction of Imphal-Kangchup-Tamenglong highway which is a part of Asian Highway No1. This project is backed by Asian Development Bank. This part of the highway starts at Imphal City and ends at Tamenglong covering a total length of 111 kms.
About HCC: 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 28% of India’s Hydel Power generation and over 65% of India’s Nuclear Power generation capacities, over 3,600 lane km of Expressways and Highways, more than 300 km of complex Tunneling and over 350 Bridges. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. HCC is also developing Lavasa City, a planned hill city and one of India’s largest urban development and management initiatives. The HCC Group, with a group turnover of Rs 10,353 crore, comprises of HCC Ltd, HCC Infrastructure Co. Ltd, Lavasa Corporation Ltd and Steiner AG in Switzerland.
For further information:
Sandeep Sawant
Hindustan Construction Company Ltd
Landline: +91 22 2575 1000, Mobile: +91 98339 92874
Email: sandeep.sawant@hccindia.com