Hindustan Construction jumps as its JV receives order worth Rs 987 crore

24 Nov 2011

Hindustan Construction Company (HCC) is currently trading at Rs. 21.45, up by 0.60 points or 2.88% from its previous closing of Rs. 20.85 on the BSE.

The scrip opened at Rs. 21.10 and has touched a high and low of Rs. 21.60 and Rs. 20.00 respectively. So far 1237496 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.00 on 24-Nov-2010 and a 52 week low of Rs. 19.95 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs. 23.25 and Rs. 19.95 respectively. The current market cap of the company is Rs. 1264.78 crore.

The promoters holding in the company stood at 39.86% while Institutions and Non-Institutions held 29.45% and 30.67% respectively.

HCC in joint venture (JV) with Germany-based DSD Brouckenbau and VNR Infrastructures has received Rs 987 crore order from Northeast Frontier Railway to construct the superstructure of Bogibeel Rail-cum-road Bridge over river Brahmaputra near Dibrugarh, Assam in India. HCC share in this order is 51%, DSD Brouckenbau 20% and VNR Infrastructures 29%.

Bogibeel Rail-cum-road Bridge will be a double decked bridge having two railway tracks on the lower deck and a 3 lane road on the upper deck. The road level will be 10.5 meters above the railway line. The total length of the bridge will be 4.315 kms. This will be the fourth largest bridge in the country and the longest bridge over the mighty Brahmaputra River.

This is one of the modern bridge and HCC along with its joint venture partners is committed to build a world class infrastructure for the Indian Railways. The work on this superstructure will be completed in 48 months.

HCC’s experience in the roads and transport sector spans over construction of some of the best infrastructure for mass rapid transport systems, railways, roads, bridges and highways. It has built nearly 300 road and rail bridges and is building 84 km of the historical Mughal Road at a height of 3,494 meters above sea level through the Pir Panjal Mountains in Himalayas. HCC’s international performance in the construction of bridges has also been impressive with over 34 bridges built in Iraq and 43 road bridges in Nepal.

Related Hindustan Construction Company Ltd. Links:

HCC Share Price

7.73 0.14 (1.84%) May 07, 09:55
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