HCC JV wins Rs. 901 Crore Railways contract

Hindustan Construction Company Limited (HCC) today announced that it has secured a significant infrastructure contract valued at approximately Rs. 901 crore from the Northeast Frontier Railway (NFR), for the construction of New Tunnel28 on the Tupul- lmphal new Broad Gauge (BG) railway line. The project has been awarded to the HCC-VCCL Joint Venture (HCC-VCCL JV), in which HCC holds a 65% stake.

The contract entails the construction of a 3.5-kilometre main tunnel, along with comprehensive design, engineering, and commissioning services. The scope of work includes the design and proof-checking of a Broad-Gauge ballast-less track, followed by the supply, installation, testing, and commissioning of all related systems and structures required for railway operations.

The project also covers the design, supply, erection, and commissioning of tunnel ventilation systems, as well as complete electro-mechanical works. In addition, the contract includes the construction of approach roads and other ancillary works necessary for integration with the surrounding infrastructure.

This important project forms part of the ongoing expansion and modernisation of India's railway network.

Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 18.01 as compared to the previous close of Rs. 17.27. The total number of shares traded during the day was 3824725 in over 4361 trades.

The stock hit an intraday high of Rs. 18.40 and intraday low of 17.06. The net turnover during the day was Rs. 68515924.00.

Source : Equity Bulls

Keywords

HindustanConstructionCompany INE549A01026 HCC OrderWin