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HCC shares gain over 3 pc as JV bags order for Pune metro

Press Trust of India  |  New Delhi 

of Company (HCC) today rose by over 3 per cent after the company said its joint venture firm has bagged a contract worth Rs 484 crore from Metro Rail Corporation for the metro project.

The stock gained 3.34 per cent to end at Rs 43.30 on During the day, it jumped 5 per cent to Rs 44.

On NSE, of the company climbed 3.33 per cent to close at Rs 43.35.

In terms of equity volume, 29.22 lakh of the company were traded on and over 2 crore shares changed hands on during the day.

"Company, a lead in the joint venture with AL FARA'A, has been awarded Rs 484 crore contract by the Metro Rail Corporation Ltd for metro rail project," HCC said in a filing.

The contract is for construction of eight elevated stations on line II of the metro rail project.

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

First Published: Mon, January 08 2018. 16:40 IST