Hindustan Construction Company is currently trading at Rs. 15.60, up by 0.65 points or 4.35% from its previous closing of Rs. 14.95 on the BSE.
The scrip opened at Rs. 15.50 and has touched a high and low of Rs. 15.60 and Rs. 15.30 respectively. So far 75,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 20.85 on 09-Jan-2013 and a 52 week low of Rs. 7.75 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 16.20 and Rs. 14.85 respectively. The current market cap of the company is Rs. 952.00 crore.
The promoters holding in the company stood at 39.86% while Institutions and Non-Institutions held 20.61% and 39.51% respectively.
Hindustan Construction Company (HCC), a leading infrastructure construction and development company has received a prestigious contract worth Rs 442.52 crore from IRCON International to construct one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund Section of the Udhampur -Srinagar - Baramulla New Broad Gauge Railway Line Project. The project will be completed in 48 months.
The contract involves construction of 5.1 km long tunnel T49A, substructure of 445m long Bridge 2 and 346m long Bridge 3 and earthworks at Sumber Yard totaling about 6.4 km stretch on Dharam-Qazigund Section of the J&K Rail link. This stretch is contiguous with 10.2 km long T48 tunnel between Sumber and Sangaldan stations which is currently under construction by HCC. The company had received the order of T48 tunnel in September 2012 after successful completion of Pir Panjal Railway tunnel, the longest transportation tunnel in India.
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.