Hindustan Construction Company (HCC) and Tata Projects have bagged a Rs 2,191 crore contract from a government job, thus augmenting their already strong presence in the Indian infrastructure industry. The joint venture (JV) got the job after meeting the technical and financial criteria of the project as stated by the project authorities. The contract was chased after a multi-stage bidding process, in which many infrastructure firms bid for the job. HCC-Tata Projects JV was chosen as the best among the rest due to it having distinguished itself in the EPC aspect. The work to be done includes; large civil construction, complex engineering and on time delivery to meet project completion schedules. Industry sources however pointed out that this contract win is due to the increasing need for dependable infrastructure companies in India. “This is a very competitive market and to come out with this contract is a clear manifestation of our technical competence and project management capabilities,” HCC’s spokesperson said. The JV will be responsible for the implementation of the project within the set time frame with quality and safety as required. HCC is one of the leading companies in India that offers infrastructure development services and Tata Projects is a leading player in infrastructure development and management. Therefore, they are in a strong position to offer a good consortium for high-value government and private sector contracts. This latest contract is going to create employment, stimulate economic development, and improve the connectivity of the region. This means that as India’s infrastructure development agenda remains on the fast track, the HCC-Tata Projects JV is in a position to get and fulfill large and profitable projects in the future.
Hindustan Construction Company-Tata Projects
