HCC bags orders worth Rs 623 crore for hydro power, tunnel

HCC President and CEO said, 'The two order win reflects growing confidence in HCC's capability to execute key projects in Himalayan ranges'

Infrastructure firm HCC has bagged two orders worth Rs 623 crore in the hydro power and tunneling sectors.

"Hindustan Construction Company (HCC) has been awarded two contracts worth Rs 623 crore in the Hydro power and tunneling sectors," it said in a BSE filing.

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The first order worth Rs 456 crore, by Tangsibji Hydro Energy of Bhutan, is for constructing 118 megawatt (MW) Nikachhu Hydropower project and it is to be completed in 48 months.

The company said this is its 5th order in Bhutan.

The second order of Rs 167 crore from Jammu and Kashmir State Power Development Corporation (JKSPDC) is for constructing a double lane tunnel of approximately 1,500 metre which will be the access road to Sawalkote Hydroelectric Power Project in J&K. This project is expected to completed in 30 months.

HCC President and CEO Arun Karambelkar said: "The two order win reflects the growing confidence in HCC's capability to execute key projects in the challenging terrain of the Himalayan ranges."

HCC shares were trading 0.50% higher at Rs 19.95 apiece during the afternoon session on BSE.