HCC gains on securing order worth Rs 278 crore from PWD

10 Nov 2014 Evaluate

Hindustan Construction Company is currently trading at Rs. 33.45, up by 0.20 points or 0.60% from its previous closing of Rs. 33.25 on the BSE.

The scrip opened at Rs. 33.40 and has touched a high and low of Rs. 33.95 and Rs. 32.60 respectively. So far 678922 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.00 on 01-Jul-2014 and a 52 week low of Rs. 11.45 on 26-Nov-2013.

Last one week high and low of the scrip stood at Rs. 36.65 and Rs. 32.40 respectively. The current market cap of the company is Rs. 2169.98 crore.

The promoters holding in the company stood at 43.51% while Institutions and Non-Institutions held 16.03% and 40.45% respectively.

Hindustan Construction Company (HCC) has secured Rs 278 crore contract by the Public Works Department (PWD) of New Delhi. This is the forth order within a month that has added Rs 1306 crore to the order book of HCC.

The PWD contract involves building a flyover parallel to the existing single carriageway on Rao Tula Ram Marg, a key south Delhi link to the airport, along with construction of an underpass at Benito Juarez Marg and a skywalk. This improvement is expected to decongest the stretch from IIT to the New Delhi airport. The new three-lane flyover will commence from the existing Munirka flyover and run parallel to the RTR flyover before descending near Niryat Bhawan. The length of the flyover will be 2.3 km.

In the transportation segment, HCC has a strong track record in construction of Roads, Highways, Bridges, Railways and MRTS (Mass Rapid Transport System). HOC has constructed over 3500 lane kilometres of roads and highways and over 350 bridges across the country. In the MRTS space, the company has executed the Kolkata and several underground sections of Delhi Metro. The company has constructed some of the landmark projects including, Pir Panjal Railway tunnel which is the longest transportation tunnel in India, the Delhi Faridabad Elevated Highway and the Bandra-Worli sea-link in Mumbai.

Earlier, the company received two contracts from Ministry of Road Transport and Highway (MoRTH) worth Rs 848 crore and a contract from Himachal Pradesh Power Corporation (HPPCL) worth Rs 179.90 crore. Besides, the company has lowest bids worth Rs 1470 crore for which the contracts are yet to be awarded.

HCC is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.

HCC Share Price

37.83 -0.03 (-0.08%)
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