HCC gains 9%, bags road project in Indo-Nepal border

Moneycontrol Bureau

Shares of Hindustan Construction Company (HCC) gained more than 9 percent intraday Monday on bagging a Rs 393.08-crore worth road project from the Ministry of Road Transport & Highway.

The engineering procurement and construction (EPC) contract is for reconstruction of the 65.87 km section of NH-233, on the Indo-Nepal border, said the infrastructure construction and development company, adding the project is part of the National Highway Development Program phase-IV.

The scope of work includes rehabilitation, upgradation and augmentation of the existing carriageway to two-lane, with paved shoulders, construction of pavements, construction and/or rehabilitation of major and minor bridges, culverts, road intersections, interchanges, drains.

At 13:26 hours IST, the stock was quoting at Rs 28.25, up Rs 1.50, or 5.61 percent on the BSE.