Hindustan Construction Company (HCC), one of the India's leading infrastructure companies, witnessed a rise in share price on Thursday after it has awarded a prestigious National Highways Authority of India (NHAI) contract worth Rs 17.83 billion.
This order is for constructing a 36 Km highway which includes 3 krns of tunnels between Ramban and Banihaf in Jammu & Kashmir. The project is a part of NHDP Phase-II program of NHAI on NH1A (now NH44) and is known for its difficult terrain and low temperatures especially in winter seasons.
Shares of HCC are trading at Rs 18.45, up Rs 0.6, or 3.36% at the Bombay Stock Exchange (BSE) on Thursday at 10:20 a.m.
Total volume of shares traded on the bourses today was lower by 12.65% to 2,580,170 compared with 22-day average volume of 2,953,759.