Hindustan Construction Company (HCC), one of the India's leading infrastructure companies, witnessed a sharp rise in share price after the company bagged an order worth Rs 9.42 billion from  Bhabha Atomic Research Centre (BARC).

The company said, "Awarded a BARC contract worth Rs 9.42 billion for constructing the first phase of integrated nuclear recycle plant (INRP) of BARC."

The scope of work includes construction of fuel processing plant, lab buildings, disposable material block along with in situ fabricated stainless steel tanks & liners and electromechanical works.

Commenting on new order win, Arun Karambelkar, President & CEO- E&C, HCC Ltd. said "We are happy to receive this contract for building an INRP at Tarapore. Construction of nuclear facilities has undergone substantial advancement in last five decades and HCC has ably partnered Indian nuclear establishments in this process of technological evolution. With our well experience team, we are confident of delivering this job with precision in quality, safety and state-of-the-art technology."

The company has constructed 15 out of 24 nuclear reactors in India which is 65% of India’s nuclear power capacity. In addition, the company is currently constructing two more reactors at RAPP, Kota.

Shares of Hindustan Construction Company are trading at Rs 23.30, up Rs 0.85, or 3.79% at the Bombay Stock Exchange (BSE) on Monday at 11:00 a.m.

The scrip has touched an intra-day high of Rs 23.80 and low of Rs 22.30. The total volume of shares traded at the BSE is 796,110.