HCC-Coastal JV bags Rs 231cr order from NE Frontier Railway

Written By Unknown on Senin, 24 Desember 2012 | 23.25

Leading infrastructure firm Hindustan Construction Company (HCC) today said it has bagged a railway tunnel construction contract worth Rs 230.98 crore in joint venture with Coastal Projects Ltd from Northeast Frontier Railway.

The tunnel will be built between Kaimai Road and Kambiron Road stations on the new railway line being developed between Jiribam and Tupur in Imphal, HCC said in a statement. "The total cost of project is Rs 230.98 crore. The company's share in the total value of the contract is 60 per cent, i.e, Rs 138.59 crore. The project will be completed in 28 months," it added.

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The project scope involves construction of a single line broad gauge tunnel of about 4.9 km including earthwork, slope protection and stabilisation, RCC portal walls, permanent tunnel support, construction of side drains, rock supporting system and ancillary work, the company further said.

According to HCC, this is third order received by it from Northeast Frontier Railway on the new railway line between Jiribam and Tupur. The first two orders were also to build two different tunnels on the upcoming railway line. HCC is also constructing a 4.315 kms long Bogibeel rail-cum-road bridge over Bramhaputra river near Dibrugarh,

Assam for Northeast Frontier Railway, it added. The Ajit Gulabchand-led company is among the leading domestic infrastructure companies with a group turnover of Rs 8,157 crore. The company has recently gone of corporate debt restructuring due to losses incurred in last few quarters. Shares of the company closed today at Rs 18.10 apiece on the BSE, up 0.25 per cent from the previous close.



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