Hindustan Construction eyes $6 bn worth of projects

July 14th, 2009 - 8:10 pm ICT by IANS  

New Delhi, July 14 (IANS) Elated by the successful execution of India’s first sea link in Mumbai, Hindustan Construction Corp (HCC) is eyeing some Rs.30,000 crore (Rs.300 billion/$6 billion) worth of projects in three years, a top company official said here Tuesday.
“Our target for next three years is to get an order-book of Rs.30,000 crore and we are hopeful that we will achieve it,” said HCC chairman and managing director Ajit Gulabchand.

The company had an order book of Rs.16,500 crore till March.

He also said the group’s ambitious Lavasa lake-city project, spread over 12,500 acres near Pune in Maharashtra, was on track.

“The Lavasa project will require about Rs.2,500 crore per year,” Gulabchand told reporters on the sidelines of a business meet.

HCC has built India’s first open sea bridge, a 5.6-km cable-held engineering marvel at a cost of $325 million, that promises to cut travel time between Mumbai’s Worli and Bandra areas by nearly 80 percent.

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