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Hindustan Construction strengthens on securing order worth Rs 373 crore from DMRC

23 Oct 2012

Hindustan Construction Company (HCC) is currently trading at Rs. 17.30, up by 0.20 points or 1.17% from its previous closing of Rs. 17.10 on the BSE.

The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.75 and Rs. 16.50 respectively. So far 1304470 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 33.00 on 17-Feb-2012 and a 52 week low of Rs. 14.95 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 18.30 and Rs. 16.50 respectively. The current market cap of the company is Rs. 1013.04 crore.

The promoters holding in the company stood at 39.86% while Institutions and Non-Institutions held 23.98% and 36.14% respectively.

Hindustan Construction Company (HCC) has secured its third contract worth Rs 373 crore from the Delhi Metro Rail Corporation (DMRC). The latest contract is for design and construction of 2.2km twin tunnel between Shalimar Baug and Netaji Subhash Place stations of the Mukundour -Yamuna Vihar corridor, under Phase III of the Delhi Metro.

The contract has to be executed within a period of 36 months and the scope of the work includes, twin tunnel between Shalimar Baug and Netaji Subhash Place Station by Shield TBM, twin box tunnel (cut & cover tunnel), underground ramp and architectural finishing of Shalimar Baug (underground station and ) Netaji Subhash Place (Semi-underground).

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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