Hindustan Construction Company (HCC) is currently trading at Rs. 31.20, up by 1.45 points or 4.87% from its previous closing of Rs. 29.75 on the BSE.
The scrip opened at Rs. 29.90 and has touched a high and low of Rs. 31.30 and Rs. 29.45 respectively. So far 817267 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.00 on 01-Jul-2014 and a 52 week low of Rs. 15.50 on 25-Mar-2014.
Last one week high and low of the scrip stood at Rs. 35.10 and Rs. 29.50 respectively. The current market cap of the company is Rs. 1905.19 crore.
The promoters holding in the company stood at 43.51% while Institutions and Non-Institutions held 16.09% and 40.40% respectively.
HCC has secured an arbitration award of Rs 217.18 crore for the extension of time (EOT) cost claim in Lucknow-Muzaffarpur National Highway Project- Package IV. Of the total award, Rs 135.15 crore is the principal amount and Rs 82.03 crore is the interest component.
This is the sixth arbitration decision given in HCC’s favour, for claims from National Highway Authority of India (NHAI) in FY 14-15. The total value of arbitration awards received from NHAI is 441crore. In the current financial year, the total arbitration awards received by HCC in its favour for its various projects are Rs 773 crore.
The three-member arbitration panel, which heard the matter for over 20 months, unanimously ruled that NHAI should pay Rs 217.18 crore to HCC. The panel also instructed that if the amount is not paid within 90 days, the total amount awarded, including the interest payment, would carry an interest of 15% from the date of award, till the date of payment.
HCC had moved the arbitration panel over a delay of 28-month in executing the Rs 255 crore Lucknow-Muzaffarpur Package IV road project. The delay was caused due to non-handing of land in time to execute the work. The scope of work included 4-laning of 7.25m wide, 29km of bituminous/concrete pavement road on NH-28 between Ayodhya and Gorakhpur.
At present, HCC is lowest bidder in contracts worth Rs 4,733 crore for which the final orders are yet to be received. The order-book position as of December 2014 stands at Rs 14,307 crore.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3501.15 |
| Rail Vikas Nigam | 371.90 |
| NCC | 242.65 |
| KEC International | 952.65 |
| Kalpataru Projects | 1176.80 |
| View more.. | |
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