HCC bags Rs 785 cr contract from Northeast Frontier Railway

Infrastructure major HCC on Tuesday said it has been awarded a Rs 785 crore contract by Northeast Frontier Railway in joint venture with Coastal Projects Ltd. "The contract is for developing a 9.5 kilometer tunnel between Tupul-Imphal for new Railway line project from Jiribam-Tupul. The share of HCC in the JV is 60 percent which is Rs 471 crore," the company said in a statement.

The firm said it is the fourth successive order received by HCC from Northeast Frontier Railway on the new railway line between Jiribam and Tupul. The first project was to construct a 3.25 km tunnel between Dholakal and Kaimai Road stations and second was construction of a 3.3 km tunnel between Kambiron Road and Thingou stations and the third order was to develop a 4.9 km long railway tunnel between Kaimai Road and Kambiron Road stations, it said. HCC is also constructing the 4.315 km long Bogibeel Rail-cum-road Bridge over river Brahmaputra near Dibrugarh, Assam for Northeast Frontier Railway.

"HCC is proud to receive the fourth order from Northeast Frontier Railway. It is testament to the confidence enjoyed by the Company in successfully executing complex tunneling work. HCC with its sound engineering expertise and committed team is all set to leverage the opportunities in the infrastructure space," HCC President & CEO- E&C Arun Karambelkar said.

The company said it has a strong track record in construction of roads, highways, bridges, railways and MRTS (Mass Rapid Transport System) in the transportation segment. HCC claims to have constructed 28 percent of India's Hydel Power generation and over 65 percent 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 356 Bridges. It 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 HCC Ltd, HCC Infrastructure Co Ltd, Lavasa Corporation Ltd and Steiner AG in Switzerland. The shares of the company today closed at Rs 23.60 apiece on BSE, down 2.68 percent from the previous close.