Hindustan Construction Company Limited (HCC), a prominent player in India's infrastructure sector, has announced two significant developments that underscore its commitment to operational efficiency and strategic growth.

Subsidiary Merger Completed

HCC has successfully completed the merger of two of its subsidiaries, consolidating its corporate structure. The company announced that HCC Operations & Maintenance Limited, a step-down wholly-owned subsidiary, has been amalgamated into Badarpur Faridabad Tollway Limited, another step-down wholly-owned subsidiary. This merger effectively reduces HCC's subsidiary structure from two entities to one.

The consolidation aims to rationalize the group's holding structure, potentially leading to improved operational efficiency and streamlined management. According to the disclosure made under SEBI regulations, the total income for the financial year stood at:

Strategic Collaboration with Konkan Railway Corporation Limited

In a separate but equally significant move, HCC has entered into a strategic partnership with Konkan Railway Corporation Limited (KRCL). The two companies have signed a Memorandum of Understanding (MoU) to jointly pursue and execute large-scale railway and multi-modal transport infrastructure projects in India and international markets.

This collaboration brings together HCC's expertise in heavy civil construction and project execution with KRCL's proven capabilities in rail systems, operations, and project implementation. The partnership will focus on delivering integrated, end-to-end solutions across various aspects of transport infrastructure, including:

• Civil works
• Track laying
• Signalling
• Electrification
• MEP systems
• Operations and maintenance

The alliance will particularly target complex projects such as underground and elevated metro systems, NATM tunnelling, railway bridges, and large-scale EPC contracts.

Leadership Perspectives

Arjun Dhawan, Vice Chairman & Managing Director of HCC, commented on the partnership, stating, "This MoU underscores HCC's commitment to creating synergies with public sector leaders like KRCL to meet the growing demand for technically advanced and high-value infrastructure. By combining capabilities, we aim to expand our presence in both domestic and international markets while delivering fully integrated transport solutions that span civil construction and rail systems."

Santosh Kumar Jha, Chairman & Managing Director of KRCL, added, "Konkan Railway Corporation is pleased to join hands with HCC to jointly pursue infrastructure projects of national and international significance. With our combined expertise, we are well-positioned to execute complex projects, extend our operational footprint, and contribute meaningfully to the advancement of modern transport networks."

Conclusion

These strategic moves by HCC reflect the company's focus on optimizing its corporate structure while simultaneously expanding its capabilities and market reach through strategic partnerships. As India continues to invest heavily in infrastructure development, HCC's latest initiatives position it to play a significant role in shaping the country's transportation landscape and potentially expanding its footprint in international markets.

Hindustan Construction Company Limited (HCC) has entered into a strategic partnership with Konkan Railway Corporation Limited (KRCL), signing a Memorandum of Understanding (MoU) to jointly pursue and execute large-scale railway and multi-modal transport infrastructure projects. This collaboration aims to leverage the strengths of both organizations in India and international markets.

Key Highlights of the Partnership

• Complementary Expertise: The alliance combines HCC's proficiency in heavy civil construction and project execution with KRCL's capabilities in rail systems, operations, and project implementation.
• Focus Areas: The partnership will target complex assignments, including underground and elevated metro systems, NATM tunnelling, railway bridges, and large-scale EPC contracts.
• Diverse Project Structures: Both organizations will jointly identify and bid for opportunities under various contractual frameworks, including EPC, design-build, unit-rate contracts, and PPP arrangements.
• Flexible Collaboration: The MoU allows for the formation of joint ventures, consortia, or other collaborative structures tailored to specific project requirements.

Strategic Implications

Mr. Arjun Dhawan, Vice Chairman & Managing Director of HCC, emphasized the significance of this partnership, stating, "This MoU underscores HCC's commitment to creating synergies with public sector leaders like KRCL to meet the growing demand for technically advanced and high-value infrastructure. By combining capabilities, we aim to expand our presence in both domestic and international markets while delivering fully integrated transport solutions that span civil construction and rail systems."

Mr. Santosh Kumar Jha, Chairman & Managing Director of KRCL, expressed enthusiasm about the collaboration, saying, "Konkan Railway Corporation is pleased to join hands with HCC to jointly pursue infrastructure projects of national and international significance. With our combined expertise, we are well-positioned to execute complex projects, extend our operational footprint, and contribute meaningfully to the advancement of modern transport networks."

About the Companies

Hindustan Construction Company Limited (HCC)

• A business group with a nearly 100-year engineering heritage
• Has executed major infrastructure projects in India, including:
  • 26% of India's Hydro Power generation capacity
  • 60% of India's Nuclear Power generation capacity
  • Over 4,036 lane km of Expressways and Highways
  • More than 402 km of complex Tunnelling
  • 403 Bridges
• Currently serves the Transportation, Power, and Water infrastructure sectors

Konkan Railway Corporation Limited (KRCL)

• A wholly-owned subsidiary of the Ministry of Railways, Government of India
• Established in 1990 to construct and operate the Konkan Railway
• Headquartered in Navi Mumbai
• Expertise in engineering, tunnelling, track construction, electrification, signalling & telecommunication, and project management

This strategic alliance is expected to create new opportunities for both HCC and KRCL, enhancing their ability to deliver world-class transport infrastructure and contribute to the development of infrastructure ecosystems in India and abroad.