Dilip Buildcon & Hindustan Construction JV wins Rs 1,900 crore contract

The joint venture of Hindustan Construction Company (HCC) and Dilip Buildcon has won a contract worth Rs 1,900 crore by National Highways Authority of India (NHAI).

The contract has been awarded for the design and construction of a 22-km road to link Bihar and Jharkhand, including a four-lane bridge over Ganga River. The road will connect Sahibganj bypass in Jharkhand to Manihari bypass in Bihar.

The share of Hindustan Construction Company in the joint venture is 26 per cent (i.e. Rs 494 crore). The scope of work envisages construction of 15.885 km new link (NH-1338) including 6 km long Ganga Bridge to four-lane standard connecting Jharkhand with Bihar, construction of 6 km Manihari Bypass in Bihar to four-lane standard and widening of NH-131A ending near Narenpur to four-lane standard in Bihar.

Hindustan Construction Company is one of India’s leading engineering and construction (E&C) enterprises, with a rich heritage of over 90 years. It primarily focusses on civil works and has a strong track record of executing large, complex infrastructure projects, many of which, are of national importance.

The stock of HCC closed at 5.94, up by 4.95 per cent or Rs 0.28 per share. The intraday high is Rs 5.94 and intraday low is Rs 5.65.