Associate Sponsors

Co-sponsor

HCC Group to get Rs 1,259 crore as conciliation from NHAI dispute

The dispute pertained to Baharampore-Farakka Highways (BFHL) and Farakka-Raiganj Highways

HCC Group to get Rs 1,259 crore as conciliation from NHAI dispute
Megha Manchanda
1 min read Last Updated : Mar 31 2021 | 11:37 PM IST
HCC Group on Wednesday said it has won a case against the the National Highways Authority of India (NHAI), and would receive Rs 1,259 crore from the latter as part of the conciliation exercise.
 
“The proceeds of shall be used to expedite completion of our key projects and to strengthen HCC’s participation in future works of nation-building,” said Arjun Dhawan, CEO of HCC Group.
 
The dispute between HCC Concessions, the infrastructure development arm of HCC Group, and the NHAI pertained to Baharampore-Farakka Highways (BFHL) and Farakka-Raiganj Highways (FRHL).


One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :HCCNHAIinfrastructure

Next Story