Hindustan Construction Company (HCC), one of the leading construction and civil engineering firm, has signed two MoUs with Gujarat Government for a total investment of Rs 41,500 cr.

The company stated in an official release that it has signed the first MoU with the Gujarat Government Infrastructure Board, to develop a water front city with a total investment of Rs 40,000 crore.

Sources revealed that the proposed new city will be on the lines of Lavasa, India's first hill city being built by the company near Pune, Maharastra.

While, the company has signed the second MoU with Narmada Water Resources, Water Supply and Kalpasar Department for developing three water pipeline projects worth Rs 1,500 crore.