Infrastructure developer HCC today said it has received a hydro- electric project worth Rs 688.06 crore from Bhutan for contruction-related works.
In a filing to the Bombay Stock Exchange Hindustan Construction Company (HCC) said it has bagged an order for the 1,200-MW Punatsangchhu-I Hydro Electric Project in Bhutan from Punatsangchhu-I Hydro Electric Project Authority.
The project is located on river Punatsangchhu in western Bhutan and is scheduled to be completed in 66 months.
Commenting on the win, HCC President and Chief Operating Officer Vinayak Deshpande said: "We are happy to win this prestigious order for Punatsangchhu-I Hydro Electric Project. HCC has recently completed Tala Hydro Electric Power Project, which is the largest Hydro Electric Power Project in Bhutan. With this order we further strengthen our ties with the people of Bhutan."
Shares of the HCC were trading at Rs 40.25, up 2.68 per cent on the BSE.