/ HCC, Laxmi Civil Engineering Services JV Bags Rs 374 Crore Contract ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 3 November 2016

Hindustan Construction Company (HCC) in joint venture with Laxmi Civil Engineering Services Pvt Ltd (LCESPL) has been awarded Rs 374.6 crore contract by the Narmada Valley Development Authority to construct Bistan Lift Irrigation Scheme on turnkey basis. HCC share in the joint venture is 51% (Rs 191 crore).The project is to be completed in 30 months.

The project will irrigate 22,000 hectares in Bistan region under Gogawan, Bhagwanpura and Khargone tahasils in Khargone district of Madhya Pradesh by drawing water from the main canal of Indira Sagar project.

The scope of the project includes 2 pumping stations, connecting pipeline of 167 kms and micro irrigation systems including automation systems (SCADA) etc. HCC has extensive experience in execution of large scale multidisciplinary EPC contracts for some of the largest lift irrigation schemes in the country. HCC has constructed Godavari Lift irrigation Phase I, Phase II and Phase Ill, the Veligonda lift irrigation project, the Rajiv Sagar   lift irrigation project in Telangana and Saurashtra Branch Canal in Gujarat.

Hindustan Construction Company Ltd is currently trading at Rs 36.6, up by Rs 0.6 or 1.67% from its previous closing of Rs 36 on the BSE. The scrip opened at Rs 36 and has touched a high and low of Rs 37.1 and Rs 35.85 respectively. So far 6028816(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2804.97 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 41.9 on 14-Sep-2016 and a 52 week low of Rs 16.6 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 38.45 and Rs 35.35 respectively.
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