HCC edges higher after winning contract from NHAI

Shares of Hindustan Construction Company (HCC) have gained over 3% at Rs 18.45 on the BSE after National Highway Authority of India (NHAI) awarded contract worth Rs 1,783.42 crore to the company.

Hindustan Construction Company (HCC) said the contract is for constructing a 36 kilometers (km) highway which includes 3 kms of tunnels between Ramban and Banihal in Jammu & Kashmir. The project is a part of National Highways Development Project (NHDP) phase-II program of National Highway Authority of India (NHAI) on NH1A (now NH44).

On BSE, so far 12.09 lakh shares were traded in the counter, compared with an average volume of 9.09 lakh shares in the past one quarter.

The stock has hit a high of Rs 19.40 and a low of Rs 17.90 so far during the day. The stock hit a 52-week high of Rs 40.90 on 3 March 2015. The stock hit a 52-week low of Rs 16.35 on 25 August 2015.