HCC surges on bagging order worth Rs 393.08 crore

Hindustan Construction Company (HCC) is currently trading at Rs. 28.40, up by 1.65 points or 6.17% from its previous closing of Rs. 26.75 on the BSE. The scrip opened at Rs. 27.75 and has touched a high and low of Rs. 29.25 and Rs. 27.55 respectively. So far 852564 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.00 on 01-Jul-2014 and a 52 week low of Rs. 11.11 on 18-Oct-2013. Last one week high and low of the scrip stood at Rs. 31.50 and Rs. 26.60 respectively. The current market cap of the company is Rs. 1837.38 crore. The promoters holding in the company stood at 43.51% while Institutions and Non-Institutions held 16.03% and 40.45% respectively. Hindustan Construction Company (HCC) has been awarded Rs 393.08 crore road project by the Ministry of Road Transport & Highway. This Engineering Procurement and Construction (EPC) contract is for reconstruction of 65.87 km section of NH-233 on indo Nepal Border. The scope of work includes rehabilitation, up-gradation and augmentation of the existing carriageway to two-lane with paved shoulders, construction of pavements, construction and/or rehabilitation of major and minor bridges, culverts, road intersections, interchanges, drains. 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.