{"id":465808,"date":"2022-02-03T08:25:34","date_gmt":"2022-02-03T02:55:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465808"},"modified":"2022-02-03T08:52:40","modified_gmt":"2022-02-03T03:22:40","slug":"hcc-group-signs-pact-with-cube-for-sale-of-baharampore-farakka-highway","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hcc-group-signs-pact-with-cube-for-sale-of-baharampore-farakka-highway\/","title":{"rendered":"HCC Group signs pact with Cube for sale of Baharampore-Farakka Highway"},"content":{"rendered":"<p>HCC Group on Wednesday said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore.<\/p>\n<p>It is a 101-km long road which is part of National Highway-12 in West Bengal connecting Kolkata and the port of Haldia to the northern part of the state and North-East India. <\/p>\n<p>HCC Concessions Ltd (HCON), a subsidiary of HCC Ltd, owns the road project, and the transaction with Cube Highways is structured in a way that will be resulting in total liquidity to the group of up to Rs 900 crore.<\/p>\n<p>&#8220;Besides this, we have another terminated project in the books of HCON and two arbitration awards are awaited for claims.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HCC Group on Wednesday said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore. It is a 101-km long road which is part of National Highway-12 in West Bengal connecting Kolkata and the port of Haldia to the northern part of the state and North-East India. HCC Concessions Ltd (HCON), a subsidiary of HCC Ltd, owns the road project, and the transaction with Cube Highways is structured in a way that will be resulting in total liquidity to the group of up to Rs 900 crore. &#8220;Besides [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-465808","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=465808"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465808\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}