Thursday, December 4, 2008

HCC-To Commission Bandra Worli Sea Link By Jan 31st, 2009, Worth a good look at Rs 35

-Should the Arbitration panel working on the Bandra-Worli project cost over-run, decide in favour of HCC, the stock can simply double from here.

-Construction projects, Lavassa and HCC Infrastructure continue to do well.

-Axis Bank and BOI infuse Rs 400 crore into the company.

-NHAI awarded the Badarpur Elevated Expressway project, a 6 lane 4.4 km Elevated Toll Road connecting Badarpur in Delhi to Faridabad in Haryana.

• Concession Agreement signed on September 4, 2008.

• Financial closure for the same is achieved and under documentation.

• Company has qualified for NHAI's 28 highway projects. Out of which 5 bids are under submission worth around Rs. 5000 crs.

• British firm John Laing is a consortium partner towards bidding for these projects.

• Ready to bid for a few more projects in the power sector as well.

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