HCC Wins ₹2,917 Cr CIDCO Water Contract in JV
HCC secured a ₹2,917 crore CIDCO water infrastructure contract in a joint venture. HCC's share in the project is approximately ₹1,100 crore. The project includes a 22.21 km raw water tunnel and a 250 MLD water treatment plant with 15 years of O&M.
The contract value is substantial and will contribute to the company's order book and revenue, indicating a medium-term impact on its financial performance.
The announcement details a significant new contract win for the company, which is a positive development for its business.
Hindustan Construction Company Limited (HCC) has secured a significant infrastructure contract valued at approximately ₹2,917 crore from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO). The contract is for the construction of a 22.21 km raw water tunnel and a 250 Million Liters per Day (MLD) water treatment plant in Raigad.
The project has been awarded to the LCESPL-HCC Joint Venture, with HCC responsible for executing works worth approximately ₹1,100 crore. The scope of work includes the design and construction of the raw water tunnel using Tunnel Boring Machine (TBM) technology, conveying water from Kondhane Dam to the water treatment plant at Village Mohope in Panvel. Additionally, the project encompasses the design, build, supply, erection, testing, and commissioning of the water treatment plant, along with 15 years of operation and maintenance under a Design, Build, and Operate (DBO) contract model.
This project is a crucial component of CIDCO's strategy to enhance the long-term water supply infrastructure for the rapidly developing areas of Navi Mumbai and its surroundings, aiming to ensure a reliable and sustainable water supply for urban and industrial growth in the region.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Construction Company Limited. Read the original for the full detail.