HCC surges on bagging order worth Rs 1539 crore from DMRC

Hindustan Construction Company is currently trading at Rs. 18.75, up by 0.70 points or 3.88% from its previous closing of Rs. 18.05 on the BSE. The scrip opened at Rs. 18.50 and has touched a high and low of Rs. 18.90 and Rs. 18.50 respectively. So far 1,49,000 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.80 on 10-Apr-2014 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. 19.80 and Rs. 17.55 respectively. The current market cap of the company is Rs. 1,137.00 crore. The promoters holding in the company stood at 39.86% while Institutions and Non-Institutions held 17.55% and 42.57% respectively. Hindustan Construction Company (HCC), India’s leading infrastructure company, has been awarded Rs 300 crore contract by Delhi Metro Rail Corporation (DMRC). This is the third contract for underground metro received by HCC since October 2012 under the phase III development of Delhi Metro aggregating to Rs 1539 crore. The contract is for design and construction of 1.54 km long twin tunnel on Dwarka-Najafgarh metro corridor of phase III of Delhi Metro. The twin tunnels will be constructed using Shield Tunnel Boring Machine. The contract also includes construction of one of the biggest underground station namely Municipal Corporation which is 290 meters long and 30 meters in width. The station will be built at depth of 18 meters. The work will be completed in 36 months. Prior to this order, the company has received two contracts under the Phase III of Metro development for package CC30 on the Mukundpur- Yamuna Vihar corridor in October 2012 and package CC34 on Janakpuri West-Kalindi Kunj Corridor in February 2013. 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.