HCC bags two contracts worth Rs.16.88 bnOctober 16th, 2008 - 10:28 pm ICT by IANS
New Delhi, Oct 16 (IANS) HCC, a leading infrastructure construction and development company, has been awarded two contracts by the Andhra Pradesh government totalling Rs.16.88 billion. The first order is a contract for investigation, design and execution of the Lift Irrigation Scheme for drawal of water from Mid-Manar to the new reservoir at Ananthagiri village in Karimnagar district.
This contract, valued at Rs.19.28 billion, will be executed by a joint venture of HCC, Megha Engineering and Infrastructure Ltd (MEIL) and Bharat Heavy Electricals Ltd (BHEL).
HCC’s share in the total value of the contract is 51 percent or Rs.9.83 billion.
The second order is for construction of the J. Chokka Rao Devadula Lift Irrigation Scheme to be executed by HCC, SEW Infrastructure Ltd (SEW), MEIL and Andritz AG (AAG).
The order is valued at Rs.14.1 billion and HCC’s share is 50 percent or Rs.7.05 billion.