HCC bags Rs 623 crore project from Tangsibji Hydro Energy, JKSPDC
Hindustan Construction Company Ltd (HCC) has been awarded two contracts worth Rs 623 crore in the hydro power and tunneling sectors. The first order is of Rs 456 crore from the Tangsibji Hydro Energy Ltd of Bhutan while the second order is of Rs 167 crore from JKSPDC.
The order from the Tangsibji Hydro Energy Ltd of Bhutan is for constructing 118 MW Nikachhu Hydropower Project in Trongsa district of Bhutan. This is an EPC contract and the project is to be completed in 48 months.
This will be the second hydroelectric power project awarded to HCC on EPC basis and fifth project in Bhutan. Recently, the company has completed 124MW Dagachhu hydroelectric power project on EPC basis in Dagana district of Bhutan. HCC is associated with construction of four Hydropower project including 60 MW Kiruchu HEP, 1020 MW Tala HEP, 126 MW Dagachhu HEP and Package MC3 of 1200MW Punatsangchhu-I HEP.
The second order from the JKSPDC is for constructing a double lane tunnel of approx. 1500m length which shall be the access road to 1856 MW Sawalkote Hydroelectric Power Project in Jammu & Kashmir. This is also an EPC contract involving investigation, design and construction of the tunnel. The project is to be completed in 30 months.
Arun Karambelkar, President & CEO – E&C, HCC Ltd. said “These two order wins reflect the growing confidence in HCC’s capability to execute key projects in the challenging terrain of the Himalayan ranges. HCC, having delivered four hydro electric projects in Bhutan, is committed toward the development of hydro power of Bhutan”.
With these order wins, HCC’s order intake in FY 2015-16 has reached Rs 5,778 crore. Besides, the company is lowest bidder in 4 projects worth Rs 3,677 crore. The combined order backlog is likely to cross Rs 21,000 crore in the FY2015-16.