Hindustan Construction Company

Hindustan Construction Company Limited (HCC Limited)
Company type	Public
Traded as	BSE: 500185 ; NSE: HCC
ISIN	INE549A01026
Founded	27 January 1926; 98 years ago
Founder	Walchand Hirachand
Headquarters	Hincon 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)
Revenue	₹11,152 crore (US$1.3 billion) (2022)
Net income	₹399.56 crore (US$48 million) (2022)
Number of employees	1,105 (2022)
Subsidiaries	HCC Infrastructure Co. Ltd ; Steiner AG
Website	www.hccindia.com

Hindustan Construction Company Limited (HCC) is an Indian multinational engineering and construction company headquartered in Mumbai, Maharashtra, India. 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

^ "Company Profile & Executives - HCC Limited". Wall Street Journal.
^ "HCC Annual Report 2022" (PDF). HCC Limited. Retrieved 8 April 2023.
^ 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.
^ "Welcome to the HCC website". www.hccindia.com. Retrieved 13 October 2022.
^ "How HCC chief Ajit Gulabchand is tackling the challenges". Business Today. 6 August 2012. Retrieved 13 October 2022.
^ "HCC to acquire Swiss co Karl Steiner for Rs 150 cr". The Economic Times. 16 March 2010. ISSN 0013-0389. Retrieved 8 April 2023.

External links

Official website

[1] "Company Profile & Executives - HCC Limited". Wall Street Journal.

[annual22financial-2] "HCC Annual Report 2022" (PDF). HCC Limited. Retrieved 8 April 2023.

[3] ratiba. "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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