Hindustan Construction Company (HCC) has bagged A Rs 903.83 crore order in joint venture with GVPR Engineers Ltd from Karnataka Neeravari Nigam Ltd.
In a statement issued today, the company said the contract is for diversion of flood water from Sakleshpura (West) to Kolar/Chikkaballapur (East) under Yettinahole diversion project package-4.
"HCC's share in the joint venture (with GVPR Engineers) is 50 per cent. The project will be completed in 36 months," it added.
Karnataka Neeravari Nigam Ltd, which has awarded the contract, is state government's nodal agency to implement major irrigation projects.
Yettinahole is a tributary of Netravati river and the Karantaka government enterprise is diverting flood water from Sakleshpura (West) to drought prone areas of Chikkaballapur and Kolar districts, the company said.
The scope of work includes survey, investigation, design and construction of several weirs, jack well cum pump houses, water pipelines at four different locations connecting to common delivery chambers.
The scope of work also includes operation and maintenance for 5 years after commissioning of the scheme and obtaining environmental and other statutory clearances from competent authorities on turn key basis, it said.
Commenting on the order, HCC's President and whole-time Director Arun Karambelkar said, "We are delighted to be associated with this prestigious project that will bring water to parched areas of Chikkaballapur and Kolar districts."
He added that "HCC as the country's leading company engaged in building infrastructure for India will continue to focus on large magnitude projects in critical sectors like water."
HCC shares closed today at Rs 13.21 apiece on the BSE, up 0.61 per cent from their previous close.
