HCC Infrastructure, the infrastructure arm of India’s Hindustan Construction Company, has inked a memorandum of understanding with Orascom Construction Industries, an Egyptian construction contractor, to bid and develop large highway projects in India.
![]() ![]() |
HCC/Orascom JV: |
HCC chairman and managing director Ajit Gulabchand said: “The Indian Government has enhanced the pace of development of world class infrastructure for India and has chosen public private partnership[s] as the main tool to implement this.”
HCC Infrastructure is a 100 per cent subsidiary of Hindustan Construction Company and has a road portfolio worth Rs55.3 billion (€ 985.6 million; $ 1.8 billion) including six projects awarded by the National Highways Authority of India, of which one is operational.
Orascom is a Middle Eastern construction contractor.