The company made the announcement during trading hours today, 24 December 2012.
Meanwhile, the BSE Sensex was up 52.18 points or 0.27% at 19,294.18.
On BSE, 5.70 lakh shares were traded in the counter as against average daily volume of 8.77 lakh shares in the past one quarter.
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The stock hit a high of Rs 18.45 and a low of Rs 17.65 so far during the day. The stock had hit a 52-week high of Rs 33 on 17 February 2012. The stock had hit a 52-week low of Rs 14.95 on 30 August 2012.
The stock had outperformed the market over the past one month till 21 December 2012, surging 5% compared with the Sensex's 4.23% rise. The scrip had, however, underperformed the market in past one quarter, declining 0.28% as against Sensex's 2.61% gain.
The small-cap construction company has equity capital of Rs 60.66 crore. Face value per share is Re 1.
Hindustan Construction Company (HCC) today, 24 December 2012, said that the company in joint venture (JV) with Coastal Projects has been awarded a project by Northeast Frontier Railway to develop a railway tunnel between Kaimai road and Kambiron road stations on the new railway line being developed between Jiribam and Tupur in Imphal. The total cost of the project is Rs 230.98 crore, with HCC's share at 60% totaling Rs 138.59 crore. The project will be completed in 28 months, HCC said in a statement.
The project scope involves construction of single line broad gauge tunnel of approximate length of 4.9 kilometers (KM) including earthwork, slope protection & stabilization, RCC portal walls, permanent tunnel support, construction of side drains, rock supporting system and ancillary work.
This is third order received by HCC from Northeast Frontier Railway on the new railway line between Jiribam and Tupur. The first order was to construct a 3.25 KM tunnel between Dholakal and Kaimai road stations and second order was to a 3.3 KM tunnel between Kambiron road and Thingou stations. HCC is also constructing the 4.315 KM long Bogibeel Rail-cum-road bridge over river Brahmaputra near Diburugarh in Assam for Northeast Frontier Railway.
HCC reported a net loss of Rs 17.87 crore in Q2 September 2012, lower than net loss of Rs 40.54 crore in Q2 September 2011. Net sales rose 4.1% to Rs 864.06 crore in Q2 September 2012 over Q2 September 2011.
HCC has executed a majority of India's landmark infrastructure projects, having constructed 25% of India's Hydel Power generation and over 50% of India's Nuclear Power generation capabilities, over 3,100 lane KM of Expressways and Highways, more than 200 KM of complex Tunneling and over 324 Bridges. The HCC Group comprises of HCC, HCC Infrastructure Co., HCC Real Estate, Lavasa Corporation and Steiner AG in Switzerland.
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