HCC Wins Major Infrastructure Contract with CIDCO for Water Supply Project
Hindustan Construction Company Limited (HCC) has secured a major infrastructure contract worth approximately ~2.917.6 crore from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO). The contract involves developing critical water infrastructure in Raigad, specifically the construction of a raw water tunnel and a 250 MLD water treatment plant.The large-scale project has been awarded to a joint venture between LCESPL and HCC. Under this partnership, HCC is specifically responsible for executing works valued at approximately ~1.100 crore.
The scope of the project is designed to enhance the region's long-term water supply capabilities. It includes the design and construction of a 22.21 km raw water tunnel. This tunnel, which utilizes Tunnel Boring Machine (TBM) technology, will facilitate the conveyance of water from Kondhane Dam at Village Chochi in Karjat to a proposed 250 MLD Water Treatment Plant (WTP) located at Village Mohope in Panvel.
Beyond the tunneling and plant construction, the contract encompasses the design, build, supply, erection, testing, and commissioning of the water treatment plant. Crucially, the agreement operates under a Design, Build and Operate (DBO) model, which includes providing comprehensive operation and maintenance services for 15 years.
This initiative is identified as a key component of CIDCO's strategy to strengthen reliable and sustainable water availability for the rapidly developing nodes of Navi Mumbai and surrounding industrial areas.
HCC’s infrastructure expertise is rooted in nearly 100 years of engineering experience. The company has executed numerous landmark projects across India's infrastructure spectrum. HCC's extensive portfolio includes contributions to:
- Hydro Power generation: 26% of India's capacity.
- Nuclear Power generation: 60% of India's capacity.
- Road Infrastructure: Over 4,036 lane km of Expressways and Highways.
- Specialized Works: More than 402 km of complex Tunnelling and 403 Bridges.
Today, HCC services the infrastructure sectors spanning Transportation, Power, and Water.
HCC Stock Price Movement
As of 9:23 AM, shares of Hindustan Construction Company Limited are shedding 0.73% in live trading, currently at ₹20.46. The stock has seen 15.21 million shares traded, testing the day's range near ₹20.44.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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