Thursday, October 16, 2008

Hindustan Construction bags Rs 1,688.28 cr contracts from AP govt

Mumbai, Oct 16 : Infrastructure firm Hindustan Construction Company (HCC) led consortium has bagged two contracts worth Rs 1,688.28 crore from Andhra Pradesh government for irrigation project.

The company has secured one contract along with two other companies -- Megha Engineering & Infrastructure (MIEL) and state-run Bharat Heavy Electriclas Limited (BHEL) from Andhra Pradesh government for lift irrigartion related works HCC said in a filing to the Bombay Stock Exchange.

The total value of contract is Rs 1,928 crore and Hindustan Construction Company counts a share of 51 per cent or Rs 983.28 crore in it, the company added.

The scope of work includes investigation, designs and execution of lift irrigation scheme in Karimnagar district of the state.

The company has been awarded another contract along with three other firms -- MIEL, SEW infrastructure Ltd and Austria-based Andritz AG-- from Andhra Pradesh government for construction of J Chokka Rao Devaadula Lift Irrigation scheme in the state.

The total value of this contract is Rs 1,410 crore and HCC's share is 50 per cent or 705 crore.
HCC at present is involved in the construction of Godavari Lift Irrigation project and is executing some other major projects in Andhra Pradesh.

No comments: