 "HCC gains on winning Rs 393 crore road contract")
Shares of Hindustan Construction Company (HCC) is trading 6% higher at Rs 28.40 on BSE after the company said it has been awarded a Rs 393.08 crore road project by the ministry of road transport & highway.
The engineering procurement and construction (EPC) contract is for reconstruction of the 65.87 km section of NH-233, on the Indo-Nepal Border.
The scope of work includes rehabilitation, upgradation and augmentation of the existing carriageway to two-lane, with paved shoulders, construction of pavements, construction and/or rehabilitation of major and minor bridges, culverts, road intersections, interchanges, drains, HCC said in a statement.
The section is from Rudhauli village in Uttar Pradesh up to the Indo-Nepal border, which further connects to Lumbini, the birth place of Lord Buddha, in Nepal. The project is part of the National Highway Development Program Phase-IV.
The stock opened at Rs 27.50 and hit a high of Rs 29.25 on NSE. A combined 5.01 million shares changed hands on the counter so far on NSE and BSE.
The engineering procurement and construction (EPC) contract is for reconstruction of the 65.87 km section of NH-233, on the Indo-Nepal Border.
The scope of work includes rehabilitation, upgradation and augmentation of the existing carriageway to two-lane, with paved shoulders, construction of pavements, construction and/or rehabilitation of major and minor bridges, culverts, road intersections, interchanges, drains, HCC said in a statement.
The section is from Rudhauli village in Uttar Pradesh up to the Indo-Nepal border, which further connects to Lumbini, the birth place of Lord Buddha, in Nepal. The project is part of the National Highway Development Program Phase-IV.
The stock opened at Rs 27.50 and hit a high of Rs 29.25 on NSE. A combined 5.01 million shares changed hands on the counter so far on NSE and BSE.