 "Valecha Eng wins Rs 176 cr tunnel contract from NHPC")
Infrastructure development firm Valecha Engineering today said it has won a Rs 176 crore contract from NHPC for civil work of a tunnel in Himachal Pradesh.
Valecha Engineering has bagged a project from NHPC "for construction of balance civil works of head race tunnel...Of Parbati HE project, stage II in Himachal Pradesh worth Rs 176.29 crore," the company said in a filing to the BSE.
With the award of the project, the tunnelling segment "constitutes 10% of the order book of the company", Valecha said.
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It said as the company moves ahead it is focusing on getting an appropriate project mix involving leading edge infrastructure technologies.
The company scrip closed at Rs 34.35, down 2.14%, on the BSE.