C & C Constructions Limited and NHAI Sign BOT Agreement

New Delhi, Delhi, India

C&C Constructions Limited (C&C) in JV with B. Seenaiah & Co. (Projects) Ltd. (BSCPL), has signed a concession agreement with National Highway Authority of India Ltd (NHAI) for Kurali - Kiratpur Road Project. This marks the entry of C&C Constructions Ltd. into the BOT (Build Own & Transfer) segment, which provides the company contracting revenue as well as revenue from operations.

The company has been granted a concession for the development, design, construction, maintenance and operation of 44 km stretch of the highway from Kurali - Kiratpur on NH-21 connecting Chandigarh to the tourist and apple belt of Kullu Valley and beyond and other districts of Himachal. This road has a historic access to two industrial areas of Himachal Pradesh - Nalagarh & Baddi.The project is valued at an estimated cost of Rs. 400 crores with a grant from the government of Rs. 44 crores. The concession period is 20 years including construction period of 2½ years.

C&C and BSCPL are infrastructure project development companies, that provide engineering, procurement and construction services for infrastructure projects.

The Company has also significant expertise in EPC contracts, and has also recently forayed into urban infrastructure projects. As part of its international operations, C&C and their JV partner BSCPL has been present in Afghanistan since 2003 and have executed a number of infrastructure projects for the reconstruction of Afghanistan.

Major clients of C&C include NHAI, AAI, Infrastructure Boards and PWD's of various State Governments, Govt. of Afghanistan, The Louis Berger Group Inc. RITES Limited and UNOPS etc.

Source: C & C Constructions Limited (Business Wire India)

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