Joint Venture17 Sept 2026, 04:18 pm
HCC Subsidiary to Form JV for Infrastructure Projects
AI Summary
Hindustan Construction Company Ltd (HCC) announced that its wholly-owned subsidiary, HCC Infrastructure Company Limited (HICL), will form a joint venture named 'HC Concessions Limited' with Ceigall India Limited. HICL will hold a 51% stake in the new entity, contributing ₹51,000. The JV aims to undertake various infrastructure development projects, including roads, highways, power, and telecommunications, operating under models like BOO, BOT, and HAM.
Key Highlights
- HCC subsidiary to form JV 'HC Concessions Limited' with Ceigall India.
- HICL to hold 51% stake in the new joint venture entity.
- JV will focus on diverse infrastructure development projects.
- Operates under various models like BOO, BOT, and HAM.
Price Impact
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