HCC ties up with Egyptian contractor for highway projects
June 8th, 2010 - 4:57 pm ICT by IANSMumbai, June 8 (IANS) HCC Infrastructure, a subsidiary of Hindustan Construction Company, Tuesday said it has tied up with a major Egyptian firm, Orascom Construction Industries (OCI), to jointly develop large national highway projects.
The company in a regulatory filing said it would seek to broaden the partnership with OCI other than bidding for projects on offer from the National Highways Authority of India (NHAI) and the two intend to create a portfolio of premium infrastructure assets across sectors.
“Both Hindustan Infra and OCI share the same commitment to quality and this joint venture will yield significant synergies for both groups,” said Nassef Sawiris, chief executive officer and chairman of OCI.
HCC Infra has a road portfolio of Rs.5,539 crore, including six NHAI projects, of which one is operational.
- L&T; arm signs Rs.2,600 crore agreement with NHAI - Jun 22, 2011
- Hindustan Construction bags Rs.289 crore Gujarat project - Jan 03, 2012
- L&T; arm signs Rs.2,600 crore highway construction agreement (Lead) - Jun 22, 2011
- Hindustan Construction, Alstom jointly bag Rs.18 bn project - Jun 27, 2011
- Ramky Infra bags two road projects worth Rs.2,240.65 crore - Dec 01, 2011
- L&T; clinches Rs.2,164-crore road development project - Dec 13, 2011
- IVRCL Group bags orders worth Rs.4,081 crore - Apr 02, 2012
- HCC bags hyro power contract worth Rs.431 crore - Jun 25, 2010
- Hindustan Construction to work on power projects - Dec 06, 2010
- Punj Lloyd bags road project in Kenya - Dec 22, 2011
- L&T Infra gets infrastructure finance company status - Jul 08, 2010
- DGSCL files contempt petition against NHAI - Mar 27, 2012
- HCC to build Rs.1.62 bn railway tunnel - Apr 05, 2012
- IVRCL arm bags Rs.1,300 crore highway project - Jan 30, 2012
- Expanding national highways in east India vital for trade - Oct 31, 2010
Tags: chief executive officer, construction company, construction industries, hcc ties, highway projects, India, infrastructure assets, joint venture, national highways authority, nhai, partnership, sectors, subsidiary, synergies