Konstelec Engineers Limited Forms Joint Venture with HCC for Nuclear Infrastructure EPC Project
Konstelec Engineers Limited has formed a domestic joint venture (JV) with Hindustan Construction Company Limited (HCC) to participate in bidding for and execute a major engineering, procurement, and construction (EPC) project related to nuclear infrastructure. The JV agreement was executed on July 7, 2026.The collaboration between the two established engineering and infrastructure companies is aimed at jointly participating in the tendering process for designing, engineering, procuring, constructing, installing, testing, and commissioning isotope production reactor facilities. These facilities include associated civil, electrical, mechanical, process, instrumentation & control, and auxiliary systems.
The joint venture is set up solely to participate in the designated tender and execute the project if successful. The rights, obligations, responsibilities, risks, and liabilities of both parties will be governed by the terms outlined in the Joint Venture Agreement.
Key details of the strategic partnership are summarized below:
| Feature | Details |
|---|---|
| Partner Entity | Hindustan Construction Company Limited (HCC) |
| Area of JV | EPC services for nuclear infrastructure |
| JV Ratio | HCC: 74% / Konstelec Engineers Limited: 26% |
| Scope of Operation | To jointly participate in bidding and execute the EPC project upon award. |
| Consideration | No consideration is payable for execution of the Joint Venture Agreement; both parties will contribute resources as per the agreement terms. |
The transaction has been deemed non-related party. The JV’s formation leverages the complementary technical expertise and execution capabilities of Konstelec Engineers Limited and HCC. This venture is expected to expand Konstelec's order book and strengthen its presence in the specialized infrastructure sector, subject to securing the contract award.
KONSTELEC Stock Price Movement
Shares of Konstelec Engineers Limited are edging higher to ₹47.00 as of 1:45 PM today, having gained 1.95% in the active market session. The stock has seen robust interest so far into the afternoon, with 11,000 shares traded thus far.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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