Hindustan Construction Company rose 1.27% to Rs 20 at 15:20 IST on BSE after the company said that it has been awarded Rs 635 crore contract by NTPC to construct Head Race Tunnel (balance works).
The announcement was made during market hours today, 11 March 2016.Meanwhile, the S&P BSE Sensex was up 80.50 points or 0.33% at Rs 24,704.12.
On BSE, so far 8.32 lakh shares were traded in the counter as against average daily volume of 8.73 lakh shares in the past one quarter. The stock hit a high of Rs 20.60 and low of Rs 19.60 so far during the day.
The mid-cap company has equity capital of Rs 77.92 crore. Face value per share is Rs 1.
Hindustan Construction Company (HCC) said that the contract is for Tapovan Vishnugad Hydo-electirc Power project on the river Dhauliganga in Chamoli district of Uttarkhand. The project is to be completed in 34 months. With this order, HCC's order intake in the year ending 31 March 2016 (FY 2016) has reached Rs 5155 crore. Besides, the company is the lowest bidder in six projects worth Rs 4300 crore. The combined order backlog is likely to cross Rs 21000 crore in FY 2016.
HCC is a business group of global scale developing and building responsible infrastructure through next practices. The company serves the infrastructure sectors of transportation, power and water.
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