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Shares of Hindustan Construction Company (HCC) today advanced by nearly 9 per cent after the firm bagged a Rs 1,783.42-crore contract from NHAI for the construction of a highway in Jammu & Kashmir (J&K).
The HCC scrip climbed 8.68 per cent to Rs 19.40 on BSE. On the NSE, it went up 8.37 per cent to Rs 19.40.
“The company has been awarded a prestigious NHAI contract worth Rs 1,783.42 crore to construct a 36-km highway, which includes 3 km of tunnel between Ramban and Banihal in Jammu & Kashmir,” Hindustan Construction Company said in a BSE filing.
HCC President and CEO — E&C Arun Karambelkar said: “This project not only allows us to further expand our presence in road-related business segments, but gives us immense pride as this highway will contribute to infrastructure growth of our nation.”
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