Hindustan Construction eyes $6 bn worth of projects
July 14th, 2009 - 8:10 pm ICT by IANSNew 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.
- HCC to build Rs.1.62 bn railway tunnel - Apr 05, 2012
- Hindustan Construction net profit dips 72 percent - Oct 23, 2009
- HCC plans Rs.2,000 crore IPO of Lavasa township project - Jul 30, 2010
- Lavasa township project denied environment clearance - Oct 14, 2011
- Lavasa welcomes central clearance for hill city - Nov 09, 2011
- Land acquisition for roads not a problem: Construction major - Nov 08, 2009
- Conditional green nod for Lavasa hill city project (Roundup) - Nov 09, 2011
- India's first sea bridge is showcased as engineering marvel (Second Lead) - Jun 30, 2009
- Hindustan Construction net increases 22 percent - Jul 24, 2009
- HCC bags Rs.888-crore order from Nuclear Power Corp - May 25, 2010
- Lavasa disappointed at environment ministry's extended stay - Dec 15, 2010
- HCC order book up 29 percent - Jan 22, 2010
- Hindustan Construction bags Rs.289 crore Gujarat project - Jan 03, 2012
- HCC bags hyro power contract worth Rs.431 crore - Jun 25, 2010
- India's longest rail tunnel opened in Kashmir - Oct 14, 2011
Tags: ajit, bridge, construction corp, crore, execution, hcc, India, july 14, lavasa, managing director, New Delhi, open sea, pune, rs 2, sea link, sidelines, target, travel time, worli