HCC trades higher on bagging order worth Rs 3,681 crore in JV for bullet train station

15 Mar 2023 Evaluate

Hindustan Construction Company is currently trading at Rs. 15.17, up by 0.22 points or 1.47% from its previous closing of Rs. 14.95 on the BSE.

The scrip opened at Rs. 15.50 and has touched a high and low of Rs. 15.85 and Rs. 15.04 respectively. So far 3428372 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.70 on 20-Dec-2022 and a 52 week low of Rs. 10.54 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 16.21 and Rs. 13.90 respectively. The current market cap of the company is Rs. 2296.78 crore.

The promoters holding in the company stood at 18.59%, while Institutions and Non-Institutions held 25.24% and 56.17% respectively. 

Hindustan Construction Company (HCC), in a joint venture (JV) with Megha Engineering & Infrastructures (MEIL), has been awarded a Rs 3,681 crore contract by National High-Speed Rail Corporation (NHSRCL) for the construction of the Bandra Kurla Complex Station of the 508.17 km long Mumbai-Ahmedabad High-Speed Rail.

HCC's entry into building a high-speed bullet train station represents a significant opportunity for the company to expand its portfolio and establish a foothold in the high-speed rail construction industry. This new project allows HCC to leverage its expertise in constructing large-scale infrastructure projects and apply it to a cutting-edge transportation system. The Bandra Kurla Complex (BKC) Bullet Train Station will have six platforms, and each platform is around 414 m, sufficient to accommodate a 16-coach bullet train. The station will have connectivity with the metro and road transport.

The contract also includes building a retrieval shaft on the eastern end for the removal of the tunnel boring machine (TBM), architectural finishing, all MEP works, and testing and commissioning. 

Hindustan Construction Company (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

35.69 -0.41 (-1.14%)
21-Nov-2024 16:59 View Price Chart
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