Hindustan Construction Company has received a letter of acceptance from Indian Strategic Petroleum Reserves, New Delhi, for execution of civil works for the underground rock cavern (Part A) for strategic storage of crude oil in Visakhapatnam, Andhra Pradesh.According to a release issued by Hindustan Construction to the BSE today, the value of the contract is Rs 375.38 crore. "The project is to be completed in 36 calendar months from the date of issue of the letter of acceptance," the release added.
