HCC has bagged two major contracts worth Rs 1,534 crore in various business segments including one in Jammu & Kashmir for construction of a tunnel.

The first contract worth Rs 884 crore is for the construction of a 10.2 km tunnel on the Udhampur-Srinagar-Baramulla railway line in Jammu & Kashmir. The project is to be completed in 60 months. The tunnel contract on the Dharam-Qazigund Section in the state has been given to HCC by IRCON International, which is engaged in constructing the Udhampur-Srinagar- Baramula railway line.

The second is an EPC contract worth Rs 650 crore is for expansion of a section of the National Highways-8 between Vadodara and Surat, which also includes the construction of an extradosed bridge across River Narmada. The contract is from HCC Concessions, a step down subsidiary of HCC. The scope of work also includes the construction of a new four-lane extradosed bridge across the Narmada River in Gujarat on a DBFOT (Toll) basis. Work has already commenced on this project, and is scheduled for completion in 36 months.

This contract was awarded to HCC Concessions by the NHAI in April 2012 for the six-laning of a section of NH-8 between Vadodara and Surat.