HCC Infrastructure Limited
HCC infrastructure, a wholly owned subsidiary of HCC Ltd, is a leading infrastructure developer engaged in the creation and management of assets in the areas of Transportation, Power, Water and Social Infrastructure.
HCC's belief in the Public Private Partnership (PPP) model and its decision to enter the Design, Build, Finance, Operate and Transfer (DBFOT) business is part of a larger business plan. While investing in infrastructure assets is a natural progression of HCC's inherent ability to operate in most domains of engineering & construction, HCC Infrastructure is building expertise in asset development and management that extends to concept innovation, evaluation of risk and return and delivering the brand's promise to the customer over the life of the asset.
HCC Infrastructure remains committed to developing a premium portfolio of infrastructure assets that will serve India's needs while creating shareholder value for the Company by generating stable, diversified and growing cash flow streams over the long-term. Since its inception two years ago, HCC Infrastructure has grown its portfolio to Rs. 5500 crores in 2010-11. It's current assets under management include six NHAI road concessions, of which one is operational.
- Badarpur Elevated Highway on NH-2 is a 4.4 km elevated road connecting Delhi to Haryana and is scheduled for completion in October 2010, three months ahead of schedule.
- Dhule Palesner on the NH-3 Maharashtra / MP Border is an 89 kms four lane highway scheduled to be completed in June 2012. This project is being developed in partnership with John Laing of UK and Sadbhav Eng Ltd.
- Nirmal annuity road project in Andhra Pradesh on NH-7 is a 30 km four lane highway, and executed three months ahead of schedule. It is currently operational.
- In February 2010, the NHAI awarded three contiguous sections of approximately 256 km for the development of the existing two lanes to four lanes between Bahrampore to Dakhola on NH-34 in West Bengal. These concessions, worth Rs 3,231 crore, were awarded to HCC Infrastructure on a DBFOT toll basis with a cumulative grant of Rs 1,033 crore.
The company plans to grow its road portfolio to Rs 15,000 crore in the next 24 to 30 months, and will ensure adequate financial tie-ups to fund equity requirements of such projects and also bid for the newer mega-highway projects. Recently, HCC Infrastructure signed an MoU with Orascom Construction Industries (OCI), a leading Middle Eastern construction contractor, for bidding and developing large NHAI projects in India. HIL and OCI will also explore a broader scope of partnership with the intent of jointly creating a premium portfolio of infrastructure assets across different sectors in India.
HCC Infrastructure is concurrently evaluating opportunities in Hydro Power and Water, where HCC has an inherent edge given its EPC capabilities. It is also evaluating opportunities in Airports and Ports.
Our Corporate Office
HCC Infrastructure Limited
Hincon House, 247 Park, LBS Marg,
Vikhroli (West) Mumbai - 400083, India
Tel: +91 22 25775959 Fax: +91 22 25794767.