HCC rises on bagging Rs 1,900 crore NHAI contract in JV with DBL

17 Jul 2020

Hindustan Construction Company is currently trading at Rs. 5.92, up by 0.26 points or 4.59% from its previous closing of Rs. 5.66 on the BSE.

The scrip opened at Rs. 5.66 and has touched a high and low of Rs. 5.94 and Rs. 5.65 respectively. So far 658752 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.31 on 27-Nov-2019 and a 52 week low of Rs. 3.60 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 6.47 and Rs. 5.55 respectively. The current market cap of the company is Rs. 886.63 crore.

The promoters holding in the company stood at 34.71%, while Institutions and Non-Institutions held 33.46% and 31.83% respectively.

Hindustan Construction Company (HCC), in a joint venture (JV) with Dilip Buildcon (DBL), has been awarded a Rs 1,900 crore contract by the National Highway Authority of India (NHAI), for design and construction of a 22-Km road to link Jharkhand and Bihar, which will include a four-lane bridge over the Ganga river. The road will connect Sahibganj bypass in Jharkhand to Manihari bypass in Bihar. HCC share in the JV is 26% (i.e. Rs 494 crore).

The scope of work envisages construction of 15.885 km new link (NH-1338) including 6 km long Ganga Bridge to 4 lane standard connecting Jharkhand with Bihar, construction of 6 km Manihari Bypass in Bihar to 4 lane standard and widening of NH-131A ending near Narenpur to 4 lane standard in Bihar.

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:

HCC Share Price

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