HCC advances after new order win

Hindustan Construction Company rose 3.12% to Rs 23.15 at 11:30 IST on BSE after the company bagged a contract worth Rs 942.58 crore from BARC for constructing the first phase of integrated nuclear recycle plant of BARC at Tarapur, Maharashtra.

The company made announcement during market hours today, 12 October 2015.

Meanwhile, the BSE Sensex was down 40.32 points, or 0.15%, to 27,039.19

On BSE, so far 8.86 lakh shares were traded in the counter, compared with an average volume of 1.33 lakh shares in the past one quarter.

The stock hit a high of Rs 23.80 and a low of Rs 22.30 so far during the day. The stock hit a 52-week high of Rs 40.90 on 3 March 2015. The stock hit a 52-week low of Rs 16.35 on 25 August 2015.

The stock had outperformed the market over the past one month till 9 October 2015, surging 26.48% compared with 5.29% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 5.27% as against Sensex's 1.79% decline.

The small-cap company has an equity capital of Rs 77.92 crore. Face value per share is Re 1.

Hindustan Construction Company (HCC) said that the project is located at coastal town of Tarapur, Maharashtra, where Bhabha Atomic Research Centre (BARC) has an integrated nuclear recycle plant (INRP) to process spent fuels from existing nuclear power plants. The scope of work includes construction of fuel processing plant, lab building, disposable material block along with in-situ fabricated stainless steel tanks and liners and electromechanical works, HCC said.

HCC has constructed 15 out of 24 nuclear reactors in India which is 65% of India's nuclear power capacity. The company is currently constructing two more reactors at RAPP, Kota, HCC said.

HCC's net profit declined 70.4% to Rs 8.02 crore on 6.1% fall in total income to Rs 957.76 crore in Q1 June 2015 over Q1 June 2014.

HCC is a business group of global scale developing and building responsible infrastructure through next practices. Today, HCC serves the infrastructure sectors of transportation, power and water. HCC is also developing Lavasa City, a planned hill city and one of India's largest urban development and management initiatives.

Powered by Capital Market - Live News