HCC-Dilip Buildcon JV Bags Rs 1,900 Cr Contract From NHAI For Road Link

Engineering firm has said its joint venture with has received a Rs 1,900 crore contract for design and construction of a 22-km road to link Jharkhand and Bihar.

The Rs 1,900 crore road project,which will include a four-lane bridge over the Ganga river,will connect Sahibganj bypass in Jharkhand to Manihari bypass in Bihar, Hindustan Construction Company said in a statement.

HCC's share in the joint venture is 26 per cent or to the extent of Rs 494 crore, it said.

The scope of the work envisages construction of 15.885 km new link (NH-133B), including 6 km long Ganga bridge connecting Jharkhand with Bihar, construction of 6 km Manihari bypass and widening of NH-131A ending near Narenpur to 4 lane standard in Bihar.

"Our joint venture is proud to work on this important project that will improve infrastructure in Bihar and Jharkhand, generating long term benefits to the socio-economic conditions of the region," Group CEO Arjun Dhawan said.

HCC's association with Bihar dates to the early sixties when it built India's first road cum rail bridge - Rajendra Setu - across river Ganga at Mokameh, it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

ACB Securities: Building Scale, Trust & Innovation

ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more

War Risk Returns To Markets As VIX Surges

For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more