The Hindu Business Line : Hindustan Construction to take up more township projects

HINDUSTAN Construction Co Ltd, which has been focusing on major projects in the roads, power and irrigation sectors, will be looking out for township development projects.

It has already forayed into township projects by forming a joint venture with other companies for development of a 10,000-acre township for Lavasa Corporation near Pune.

"We will in the future take up more such projects," Mr Ajit Gulabchand, HCC's Chairman and Managing Director, told newspersons after the company's shareholders meeting in Mumbai.

Another area that HCC will be focusing on is BOT projects in the roads and irrigation sector. "We recently forayed into BOT-based road projects after we bagged the State highway improvement project in Maharashtra.

"The project is being executed in joint venture with Lavasa Corporation, with the scope of work including improvement of 20.8 km of Pune-Paud road and 11 km of Pirangut-Mutha road," Mr Gulabchand said.

He said the company was upbeat in the roads segment. "After six months of slowing down, the National Highways Development Programme has achieved its earlier momentum and the process of tendering and awarding of contracts has been speeded up."

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Salem Steel plans own utensil retail outlets

Ram Info meet

Oil money seeks to acquire auto brands

Essar Steel completes acquisition of 2 cos

Dagger-Forst Tools in talks with 3 cos for stake sale

Ind-Swift implementing Rs 100-cr expansion

Raymond to set up joint venture with Italian woollen fabric co

Hindustan Construction to take up more township projects

Apollo Tyres targets 15 pc topline growth