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HCC builds gains after new order win

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Company rose 3.34% to Rs 43.30 at 11:57 on after the company said its joint venture with AL FARA'A was awarded Rs 484 crore contract for Metro Rail Project.

The announcement was made during market hours today, 8 January 2018.

Meanwhile, the Sensex was up 184.72 points or 0.54% at 34,338.57. The Mid-Cap index was up 151.95 points or 0.84% at 18,221.98.

On the BSE, 15.78 lakh shares were traded on the counter so far as against average daily volumes of 14.87 lakh shares in the past one quarter. The stock had hit a high of Rs 44 and a low of Rs 42.05 so far during the day. The stock had hit a 52-week high of Rs 48 on 25 April 2017 and a 52-week low of Rs 31.90 on 27 November 2017.

The mid-cap company has equity capital of Rs 101.55 crore. Face value per share is Re 1.

Company (HCC) said that the company as a lead partner in joint venture (JV) with AL FARA'A has been awarded Rs 484 crore contract by the Metro Rail Corporation for Metro Rail Project. HCC's share in is 51% i.e Rs247 crore.

The contract is for construction of eight elevated metro rail stations on line II (E-W Corridor) of Metro Rail Project. The work involves general and structural civil work of the station buildings and architectural & site development. The 14.66 km long line II of is completely elevated and has 16 stations out of which 8 are being built by HCC.

HCC's net profit fell 49.7% to Rs 11.60 crore on 6.5% growth in net sales to Rs 970.75 crore in Q2 September 2017 over Q2 September 2016.

HCC serves the infrastructure sectors of transportation, power and water. The HCC group, comprises of HCC, HCC Infrastructure Co, Corporation and in

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 12:04 IST