HCC said its expertise in heavy civil construction and project execution will be combined with KRCL's proven capabilities in rail systems, operations, and project implementation.
Together, the partner will deliver end-to-end solutions across the full spectrum of transport infrastructure, including civil works, track laying, signaling, electrification, MEP systems, operations and maintenance and other critical components of modern transport networks, it said.
The partnership will focus on underground and elevated metro systems, NATM tunnelling, railway bridges, and large-scale EPC contracts. HCC said both organisations will jointly identify and bid for opportunities under varied contractual frameworks, including EPC, design-build, unit-rate contracts, public private partnerships, among others.
"By combining capabilities, we aim to expand our presence in both domestic and international markets while delivering fully-integrated transport solutions that span civil construction and rail systems," Arjun Dhawan, the vice-chairman and managing director of HCC, said.
HCC shares were trading 0.3% up at 27.5 apiece around 11.05 am on Tuesday. The stock has declined 28.6% this year, so far.
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