Hindustan Construction soars as its arm completes 74% stake sale in Nirmal BOT

24 Dec 2015

Hindustan Construction Company is currently trading at Rs. 26.40, up by 1.15 points or 4.55% from its previous closing of Rs. 25.25 on the BSE.

The scrip opened at Rs. 25.30 and has touched a high and low of Rs. 27.10 and Rs. 24.85 respectively. So far 1333827 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.90 on 03-Mar-2015 and a 52 week low of Rs. 16.35 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 27.10 and Rs. 24.10 respectively. The current market cap of the company is Rs. 1967.38 crore.

The promoters holding in the company stood at 36.07% while Institutions and Non-Institutions held 26.14% and 37.79% respectively.

Hindustan Construction Company’s subsidiary and the infrastructure development arm of the HCC Group -- HCC Concessions, has completed 74% stake sale of Nirmal BOT, its annuity project in Andhra Pradesh to Highway Concession One, an entity majorly held by IDFC Alternatives managed India Infrastructure Fund. Consequently, Nirmal BOT ceased to be a subsidiary of HCC Concessions and Hindustan Construction Company. 

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.

Related Hindustan Construction Company Ltd. Links:

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