Hindustan Construction Company Ltd has announced that the HCC-CPPL Joint Venture i.e. Hindustan Construction Company Ltd (HCC) and CPPL (Coastal Projects Pvt Ltd) has received a Letter of Award from The Superintending Engineer, Construction Circle - Prakasam, Ongole, Andhra Pradesh, for Investigation, Design, Execution and Construction of 2nd tunnel for Pula Subbaiah Veligonda Project.
The Company is the lead partner in the Joint Venture. The value of the contract is Rs 735.21 Crore and the Company's share is 60% of the value i.e. Rs 441.13 Crore.
The project is to be completed in 60 (sixty) calendar months.
The stock was trading at Rs.98.25, up by Rs.2.10 or 2.18%. The stock hit an intraday high of Rs.99.60 and low of Rs.95.10. The total traded quantity was 623336 compared to 2 week average of 474117.