- Our Business
India's rapid development has resulted in the dire need for better connectivity
throughout the country. World-class transport infrastructure has become a necessity
now. Anticipating this need, the Government of India (GOI) has undertaken several
initiatives through various schemes for building road infrastructure in the country.
The GOI has an ambitious target of building 20 km of road every day in the future.
To achieve this, it has developed schemes such as the National Highway Development
Program (NHDP) under National Highway Authority of India (NHAI) and other schemes
through several State Governments. Over the next five years, the GOI plans to award
about 38,000 km of National Highways including mega projects, 40,000 km of state
highways and around 17,600 km of expressways. The NHAI’s project award activity,
after touching a low of 643 km in FY09, has picked up to 3,361 km in FY10. The
Authority has fixed a target of awarding 18,000 km over FY11 and FY12.
A panoramic overview of the Bandra Worli Sealink, Mumbai
Considering the Government of India’s focus on road development, HCC Concessions Limited
believes that the pace of project awards is likely to remain strong and
consistent over the next couple of years. Keeping this huge potential in mind, HCC
concession’s is focusing aggressively on the roads sector.
HCC Concessions is supported by an excellent, multidisciplinary team that is ably qualified and has a thorough understanding of this sector. This leverages HCC's in-house construction expertise and quality, while opportunistically defining its own legacy as an asset manager. In the Roads sector, HCC Concessions Limited’s focus has mainly been on large NHAI projects. The Company currently has four NHAI road concessions worth Rs.4, 900 cr. as of FY16. It plans to strengthen its road portfolio to Rs.15, 000 cr. over the next 24-30 months. HCC Concessions Limited also plans to bid for newer mega-highway projects. While embarking on these ambitious plans, The Company will ensure adequate financial tie-ups to fund the equity requirements of such projects.
The Company has entered into strategic partnerships with leading international
players in the construction industry such as Orascom Construction Industries (Middle
Eastern construction contractor) and VINCI (French construction leader) for various