Hindustan Construction Company Ltd said its unit HCC Infrastructure Ltd (HIL) has signed a memorandum of understanding (MoU) with Egypt's Orascom Construction Industries for bidding and developing the National Highway Authority of India (NHAI) projects in India.
HIL and OCL, a leading Middle Eastern construction contractor, will also explore a broader scope of partnership with the intent of jointly creating a premium portfolio of infrastructure assets across different sectors in India.
On Tuesday, HCC's shares ended 0.9% down at Rs110 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% lower at 16,617 points.
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