HCC Ltd has been awarded a contract by Northeast Frontier Railway under a joint venture with Coastal Projects Ltd. for developing a 9.5 km tunnel between Tupul and Imphal. The tunnel will be developed under the project for the new railway line Jiribam-Tupul.
The value of the contract is Rs 7.85 billion (113 million euros). The project is to be completed in 40 months. The share of HCC in the joint venture is 60%.
“HCC is proud to receive the fourth order from Northeast Frontier Railway. It is testament to the confidence enjoyed by the company in successfully executing complex tunneling work. HCC with its sound engineering expertise and committed team is all set to leverage the opportunities in the infrastructure space,” Arun Karambelkar, president and CEO of HCC Ltd., said.
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