Hindustan Construction Company (HCC) is trading higher by 4% to Rs 15.60 in otherwise weak market after the company said it has been awarded a contract worth Rs 443 crore by IRCON International to construct a tunnel and two bridges in Northern India.
The company has received a Letter of Award from IRCON International for construction of one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund section of the Udhampur-Srinagar-Baramulla new broad gauge railway line project in Jammu & Kashmir, HCC said in a statement.
The value of the contract is Rs 442.52 crore. The project will be completed in 48 months, it added.
The stock opened at Rs 15.50 and hit a high of Rs 15.80 on the BSE. A combined around 1.7 million shares changed hands on the counter till 1010 hours on the BSE and NSE.
The company has received a Letter of Award from IRCON International for construction of one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund section of the Udhampur-Srinagar-Baramulla new broad gauge railway line project in Jammu & Kashmir, HCC said in a statement.
The value of the contract is Rs 442.52 crore. The project will be completed in 48 months, it added.
The stock opened at Rs 15.50 and hit a high of Rs 15.80 on the BSE. A combined around 1.7 million shares changed hands on the counter till 1010 hours on the BSE and NSE.