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HCC-VCCL JV awarded Rs.489 crore DMRC Contract

Posted On: 2020-01-07 15:24:57

A joint venture of Hindustan Construction Co. Ltd. (HCC) and VCCL received a contract worth Rs.489 crore from Delhi Metro Rail Corporation Ltd. (DMRC) under Phase IV of the Delhi Metro project. HCC's share in the JV is 75% (i.e. Rs.367 crore). The work is expected to be completed in three years.

The contract is for design and construction of 2.03-km long twin tunnels on the Janakpuri West to R.K. Ashram corridor (Extension of Line 8) of Phase IV. The twin tunnels will be constructed using Shield Tunnel Boring Machines. The contract also includes the construction of an underground station, namely Krishna Park Extension.

HCC completed the 1.54-km long CC66 package of DMRC on Dwarka-Najafgarh Corridor in October 2019. This was the sixth DMRC contract successfully completed by the company. HCC has been a leading participant in all three prior phases of the Delhi Metro project.

Shares of HCC LTD. was last trading in BSE at Rs.10.12 as compared to the previous close of Rs. 10.57. The total number of shares traded during the day was 235410 in over 282 trades.

The stock hit an intraday high of Rs. 10.47 and intraday low of 10. The net turnover during the day was Rs. 2386568.


Source: Equity Bulls

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