In a significant milestone for the city’s metro network, Hindustan Construction Company (HCC) has completed the south bound tunnel between CST and Mumbai Central stations on August 02, 2019. With this, HCC became the first contractor among all packages to complete the entire length of a tunnel
The Bombay High Court recently cancelled the coastal regulation zone (CRZ) clearances granted to the ambitious Rs 140-billion Mumbai Coastal Road Project, reasoning that there was serious lacuna in the decision-making process and lack of proper scientific study. The decision is likely to impact the order book of large construction players such as Larsen & Toubro (L&T) and HCC, who are involved in the construction of the project.
Hindustan Construction Company (HCC) has signed terms with a consortium of investors led by BlackRock, who will seek to monetise an identified pool of arbitration awards and claims for a consideration of Rs 17.5 billion.