HCC jumps as its arm starts toll operations for Farakka Raiganj Highway in West Bengal

20 Oct 2016 Evaluate

Hindustan Construction Company (HCC) is currently trading at Rs. 38.70, up by 1.30 points or 3.48% from its previous closing of Rs. 37.40 on the BSE.

The scrip opened at Rs. 37.90 and has touched a high and low of Rs. 39.35 and Rs. 37.75 respectively. So far 1364461 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 41.90 on 14-Sep-2016 and a 52 week low of Rs. 16.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 39.35 and Rs. 33.80 respectively. The current market cap of the company is Rs. 3023.14 crore.

The promoters holding in the company stood at 36.07%, while Institutions and Non-Institutions held 24.93% and 39.00% respectively.

HCC Concessions, a subsidiary of HCC, has commenced commercial operations of its Rs 1,720 crore Farakka Raiganj Highways (FRHL) in Bengal. FRHL covers the busiest section of NH-34 over 100 km and passes through major towns such as Farakka, Kaliachawk, Malda, and Gajol, besides being the only link over the river Ganges in the region. The project, which has a concession period of 30 years, forms an integral part of HCC's Rs 4,300 crore development of NH- 34 across three contiguous stretches over 256 km between Baharampore and Dalkhola (the first leg between Baharampore to Farakka has been operational since May 2014 with a current daily collection of approximately Rs 40 lakh).

The development of FRHL is supported by a consortium of 9 lenders and the project has a concession period of 30 years. The construction of FRHL has involved over 130 structures including 9 Major Bridges, 22 Minor Bridges, 5 Underpasses and 2 Toll Plazas, with material coordination alongside NHAI and numerous State agencies. HCC Operations & Maintenance is the designated O&M contractor for the highway. Travel time for commuters in FRHL has been reduced materially, by approximately 5-6 hours during peak hours, while overall travel time between Kolkata and North Bengal will be cut by over half due to the complete four laning of NH-34.

HCC is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.

HCC Share Price

33.15 -0.94 (-2.76%)
15-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
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NCC 242.65
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