Hindustan Construction Company
|Type||Public private company|
|Traded as||BSE: 500185
|Key people||Ajit Gulabchand, Chairman and Managing Director – HCC Ltd.|
|Revenue||81.50 billion (US$1.3 billion) (2012–2013)|
Hindustan Construction Company (HCC) is headquartered in Mumbai, India. HCC's businesses span the sectors of Engineering & Construction, Real Estate, Infrastructure, Urban development & Management. The HCC group of companies comprises HCC Ltd., and its subsidiaries HCC Real Estate Ltd, HCC Infrastructure Co. Ltd, Lavasa Corporation Ltd, Steiner AG in Switzerland and Highbar Technologies Ltd.
Founded by Industrialist Seth Walchand Hirachand in 1926, HCC Ltd. executes large-scale civil engineering and infrastructure projects such as hydel power plants, nuclear power plants, expressways and highways, tunnels and bridges. HCC currently serves the infrastructure sectors of transportation, power and water. HCC was the first construction company in India to be certified for ISO 9001, ISO 14001 and OHSAS 18001 for its quality, environmental and occupational health and safety management systems. The company is headed by Ajit Gulabchand, Chairman and Managing Director.
HCC is also developing Lavasa, a planned hill city set in the Sahayadri Mountains. Lavasa is spread amidst 23,000 acres and located at a 3-hour drive from Mumbai and an hour’s drive from Pune. The master plan for Lavasa has been developed by the design consultant HOK International Limited, USA. Lavasa is slated to have 5 towns - Dasve, Mugaon, Dhamanohol, Sakhari-Wadavali and the Central Business District (CBD). The city is planned for a permanent population of 3 lakh residents. The integrated development at Lavasa City comprises apartments, retail, hotels, an international convention centre, education, information technology, biotech parks, sports and recreation facilities spread across its 5 towns.
Some leading projects executed by HCC include:
- Bandra-Worli Sea Link, Mumbai
- Bogibeel Rail-cum-Road Bridge Project over Brahmaputra River, Assam
- Delhi Metro Project: Packages MC1A, AMEL C1, AMEL C6, CC30, CC34
- Ennore Breakwaters, Tamil Nadu
- Farakka Barrage
- Godavari Arch Bridge, Andhra Pradesh
- Kolkata Metro
- Kudankulam Nuclear Power Plant, Tamil Nadu
- Lavasa City, near Pune
- Mughal Road Project,J&K
- Mumbai Pune Expressway
- Nathpa Jhakri Hydroelectric Project: Head Race Tunnel and Surge Shaft
- Nimoo Bazgo Hydel Power Project, J&K
- Pir Panjal Rail Tunnel, J&K
- Rajasthan Atomic Power Plant, Rajasthan
Sustainability at HCC
HCC's Sustainability Reporting for 2010, 2011 and 2012 have been consecutively categorized by the Global Reporting Initiative (GRI) with Application Level Check A+.
HCC’s initiatives towards corporate responsibility includes capacity building of its engineers for disaster relief and restoration work, Work Place Intervention (WPI) programs for HIV/AIDS, practices that ensure water neutrality at its construction sites, investment in education, focused community development and Sustainability Reporting.
Ajit Gulabchand is a Board Member of the Disaster Resource Partnership (DRP), formed in coordination between the World Economic Forum’s Engineering and Construction Member and Partner companies. This partnership acts as a bridge between the business sector, government and humanitarian agencies to provide relief and rehabilitation support in the aftermath of a disaster. Mr. Gulabchand is also the founder member and Chairman of Disaster Resource Network India, wherein he has steered emergency response teams and rehabilitation to a number of locations struck by natural disasters in India and abroad. He is a member of the United Nations Disaster Risk Reduction – Private Sector Partnership.
HCC is the first Asian company to endorse the United Nations Global Compact (UNGC)'s CEO Water Mandate. HCC initiatives towards achieving water neutrality was featured amongst ten global company case studies in a Climate Report issued by the UNGC and United Nations' Environment Programme at the Rio+20 conferences organised by the United Nations at Brazil in June 2012. During FY 2011-12, HCC had achieved 37% water use efficiency at its direct operations.
HCC was adjudged for Best Social Investment Strategy by the World CSR Congress in February 2013.
- 2010 BSE Data
- "Wine and wondering with Ajit Gulabchand of Hindustan Construction-The Leisure Lounge-Features-The Economic Times". Economictimes.indiatimes.com. 28 June 2008. Retrieved 2010-07-16.
- "Hindustan Construction Co. Ltd (HCC), Bandra-Worli Sea, Sonia Gandhi". Businesswireindia.com. Retrieved 2010-07-16.