Hindustan Construction Company Ltd announced on Thursday (September 17) that its wholly owned subsidiary HCC Infrastructure Company Ltd has approved a proposal to incorporate a public limited company jointly with Ceigall India Ltd. According to the latest disclosure filed under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the proposed company will be incorporated in India under the name HC Concessions Ltd, or such other name as may be approved by the Registrar of Companies, Mumbai. The board of directors of HCC Infrastructure Company Limited approved this proposal at its meeting held on Thursday, 17 September 2026, with the date of incorporation yet to be decided.
As reported in the latest disclosure, HCC Infrastructure Company will subscribe to 5,100 equity shares of ₹10 each, aggregating to ₹51,000 in the proposed company. The subscription will be made in cash and will represent 51% of its paid-up equity share capital. HCC Infrastructure Company will hold 51% of the paid-up equity share capital in the new entity, making it a step-down subsidiary of HCC. The filing notes that the initial capital commitment from HICL is nominal at ₹51,000, meaning the direct financial outlay at incorporation is immaterial relative to HCC's balance sheet.
According to the announcement, the proposed entity will operate in the infrastructure development industry and is being incorporated to undertake infrastructure-related businesses in India and abroad. The new company will act as builders, contractors, promoters, developers and operators of infrastructure facilities, either independently or jointly with other companies, persons or entities. The proposed company can undertake a wide range of infrastructure projects including roads, highways, expressways, bridges, waterways, airports, railway facilities, power stations, and urban infrastructure projects across India and abroad.
As reported by CNBC TV18, the proposed company can undertake projects under various models including Build-Own-Operate (BOO), Build-Own-Transfer (BOT), Hybrid Annuity Model (HAM), Build-Own-Operate-Maintain (BOOM), Build-Own-Operate-Transfer (BOOT), Design-Build-Finance-Operate (DBFO) and Build-Operate-Lease-Transfer (BOLT). The scope includes working with the Government of India, state governments, municipal and local authorities, corporate bodies, and other authorities in India or abroad. The company is intended to develop, operate, and maintain infrastructure assets including roads, highways, ports, and power facilities across India and abroad.
The incorporation of HC Concessions Limited will expand HCC's corporate structure for pursuing concession-based infrastructure projects under established public-private partnership models. According to the latest disclosure, no regulatory or governmental approvals are stated as required at this stage, and the incorporation itself is yet to be completed. The broader strategic and financial impact on HCC will depend on projects subsequently awarded to or undertaken by HC Concessions Limited, details of which are not disclosed in this filing. As reported by CNBC TV18, shares of Hindustan Construction Company Ltd ended at ₹21.55, up by ₹0.51, or 2.42% on the BSE following the announcement.
