HCC-VCCL JV wins DMRC order worth Rs 489 crore

The joint venture of Hindustan Construction Co. Ltd. (HCC) and VCCL has received a contract worth Rs 489 crore from the Delhi Metro Rail Corporation (DMRC). HCC has a 75 per cent or Rs 367 crore share in the order.

The contract is for the designing and construction of 2.03 km long twin tunnels on the Janakpuri West to R.K. Ashram corridor of Phase 4. The twin tunnels are to be constructed, using shield tunnel boring machines. Additionally, the contract includes the construction of an underground station called Krishna Park Extension. The work is expected to be completed in three years.

Hindustan Construction Company (HCC) is engaged in engineering and construction activities. Its main segments include engineering and construction, infrastructure, real estate, comprehensive urban development, and management. The company provides engineering and construction services for projects across sectors, such as power, transportation, water, and industrial projects. Its operations include the construction of dams, barrages, tunnels, underground power stations, and surface power stations, along with water conductor systems, such as surge shafts, pressure shafts and penstocks.

Towards market closing, the stock was trading at Rs 10.55, up by 4.25 per cent or Rs 0.43 per share. The 52-week high is recorded at Rs 16.60 and the 52-week low is recorded at Rs 6.31.