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HCC bags order worth Rs 3.93 bn
Source: IRIS | 20 Oct, 2014, 12.50PM
Rating: NAN / 5 stars.
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Hindustan Construction Company (HCC) announced that the company has bagged an order worth Rs 3.93 billion road projects by the Ministry of Road Transport & Highway. This engineering procurement and construction (EPC) contract is for reconstruction of 65.87 km section of NH-233 on Indo Nepal Border.

The scope of work includes rehabilitation, up-gradation and augmentation of the existing carriageway to two lanes of major and minor bridges, culverts, road intersections, interchanges, drains.

Arun Karambelkar, president & CEO, HCC said, ''We are pleased to win this prestigious contract from the Ministry of Road Transport & Highway, which allows us to further expand our presence in road related business segments. For HCC, being part of this development is a matter of immense pride as this highway will not only help improve infrastructure of our nation, but would also deepen India's economic relations with Nepal and the adjoining nations.''

Shares of the company gained Rs 1.85, or 6.92%, to trade at Rs 28.60. The total volume of shares traded was 879,132 at the BSE (12.37 p.m., Monday).

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