Millennium Post

HCC Concessions bags Rs 800 crore contract

Infrastructure firm HCC today said one of its subsidiaries has bagged a contract worth Rs 800 crore from the highways authority for the six-laning project of Vadodara-Surat section of NH-8.

The project, awarded to HCC Concessions Ltd, includes construction of a new four lane extra dosed bridge across the Narmada river in Gujarat, Hindustan Construction Company said in a statement.

'The estimated cost of the project is approximately Rs 800 crore. The concession period for the project is 12 years, including a construction period of 30 months,' HCC said, adding that the project is on toll basis under the National Highways Development Programme-V.

It said the project is among the final stretches to be expanded to six-lane capacity on NH-8, which connects Delhi to Mumbai.

'This will be the seventh project in HCC Concessions portfolio, which includes six other NHAI [National Highways Authority of India] concessions - one annuity and five toll based projects,' HCC said.

For the year ended 31 March 2012, HCC had posted a consolidated net loss of Rs 530.09 and net sales of Rs 8,157.63 crore.
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