HCC gains on Rs 943 crore contract from BARC

The company has been awarded a prestigious contract from BARC worth Rs 942.58 crore

Shares of Hindustan Construction Company was up over 3% at Rs 23.20 after the company announced that it has been awarded a prestigious contract worth Rs 942.58 crore from BARC.

The order is for constructing the first phase of Integrated Nuclear Recycle Plant of BARC. The scope of work includes construction of fuel processing plant, lab building, disposable material block along with in-situ fabricated stainless steel tanks & liners and electromechanical works, HCC said in a release to the stock exchange.

The project will be completed in 36 months, the release added.

The stock opened at Rs 22.35 and touched a high of Rs 23.80. At 1:05PM, over 4.5 million shares were traded on both the stock exchanges.