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Hindustan Construction Company

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Hindustan Construction Company Limited (HCC Limited)
Company typePublic
BSE: 500185
NSE: HCC
ISININE549A01026
Founded27 January 1926; 98 years ago (27 January 1926)
FounderWalchand Hirachand
HeadquartersHincon House, LBS Marg, Vikhroli (West), Mumbai, India
Key people
Ajit Gulabchand
(Chairman)
Arjun Dhawan
(Executive Vice Chairman)
Jaspreet Bhullar
(MD & CEO)
Rahul Rao
(CFO)
Nitesh Kumar Jha
(Company Secretary)[1]
RevenueIncrease ₹11,152 crore (US$1.3 billion) (2022)[2]
Increase ₹399.56 crore (US$48 million) (2022)
Number of employees
1,105 (2022)
SubsidiariesHCC Infrastructure Co. Ltd
Steiner AG
Websitewww.hccindia.com

Hindustan Construction Company Limited (HCC) is an Indian multinational engineering and construction company headquartered in Mumbai, Maharashtra. The company was founded by Industrialist Seth Walchand Hirachand in 1926.[3]

HCC has executed a majority of India’s landmark infrastructure projects, including 29% of India’s hydropower capacity, over 65% of India’s nuclear power generation capacity, 3,800 km of roads and expressways, 375 bridges and 337 km of complex tunnelling.

Ajit Gulabchand is the current Chairman of the company while Arjun Dhawan is the Executive Vice Chairman.[4]

History

Founding and early years

The company was founded by Seth Walchand Hirachand in 1926, when it received a contract to construct the Bhor Ghat Tunnel on the Mumbai-Pune railway line. The tunnel was completed in 1928.

In 1993, Ajit Gulabchand took the control of the company due to internal family problems.[5]

Timeline

  • 1954 - Maharashtra's first dam after independence: Vaitarna dam, Maharashtra
  • 1954 - India's first bridge: railway bridge across river Torsa, Assam
  • 1954 - India's first water treatment plant in Mumbai
  • 1956 - India's first thermal plant for Tata, Mumbai
  • 1966 - India's first barrage: Sone barrage, Bihar
  • 1967 - India's first port: impounded dock for Haldia, West Bengal
  • 1971 - World’s longest barrage: Farakka barrage, West Bengal
  • 1971 - India's first nuclear power plant: Rajasthan Atomic Power Project – Unit 1&2
  • 1971 - India’s first integrated steel plant: Bhilai, Madhya Pradesh
  • 1975 - India's first underground power house: Yamuna Power House, Uttarakhand
  • 1977 - Idukki double curvature dam, Kerala
  • 1983 - India’s largest water treatment plant: Bhandup, Mumbai
  • 1983 - India’s largest rail coach factory in Kapurthala, Punjab
  • 2009 - India’s first Sea Link bridge: Bandra Worli Sea Link, Mumbai
  • 2010 - India's largest nuclear power plant: Kundankulam nuclear power plant, Tamil Nadu
  • 2011 – India’s first strategic crude oil storage cavern: Vizag Oil Cavern; Andhra Pradesh
  • 2012 – India's highest altitude Hydro Power projects: Nimoo Bazgo & Chutak Hydro Power Projects, Jammu & Kashmir
  • 2013 – India’s longest transportation tunnel: Pir Panjal Railway Tunnel, Jammu & Kashmir
  • 2014 – India’s second strategic crude oil storage cavern: Padur Oil Cavern, Karnataka
  • 2016 – NHPC’s first RCC dam: Teesta Low Dam Stage IV Project, West Bengal
  • 2018 – Largest EPC contract of NHPC: Kishanganga Hydro Power Project, J&K
  • 2018 – India’s longest Rail-cum-road Bridge: Bogibeel Bridge; Assam

Subsidiaries

HCC Infrastructure Co. Ltd. is the infrastructure arm of HCC engaged in the creation and management of premium assets in transportation.

In 2010, HCC acquired a controlling stake in Steiner AG, Switzerland’s second largest building construction company in an all cash deal worth Rs 150 crore.[6]

References

  1. ^ "Company Profile & Executives - HCC Limited". Wall Street Journal.
  2. ^ "HCC Annual Report 2022" (PDF). HCC Limited. Retrieved 8 April 2023.
  3. ^ pratiba. "Walchand Hirachand Doshi – the visionary who gave India its first aircraft factory, shipyard and car factory". Asianet News Network Pvt Ltd. Retrieved 13 October 2022.
  4. ^ "Welcome to the HCC website". www.hccindia.com. Retrieved 13 October 2022.
  5. ^ "How HCC chief Ajit Gulabchand is tackling the challenges". Business Today. 6 August 2012. Retrieved 13 October 2022.
  6. ^ "HCC to acquire Swiss co Karl Steiner for Rs 150 cr". The Economic Times. 16 March 2010. ISSN 0013-0389. Retrieved 8 April 2023.
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