Shares of Hindustan Building Firm Ltd (HCC) rose 2.5% to the touch a day’s excessive of Rs 23.95 on seventeenth March. The surge got here after HCC and its JV companion Tata Tasks Ltd. (TPL) secured a Rs 2,191 crore contract to construct an 8.65 km-long hall with underground tunnels and stations for Madhya Pradesh Metro Rail Company Restricted (MPMRCL).
HCC holds a 55% stake within the three way partnership, amounting to Rs 1,205 crore.
The bundle consists of an 11.32 km-long tunnel utilizing a tunnel boring machine (TBM) and 7 underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport.
It connects a ramp east of Indore Railway Station to west of Airport Station.
HCC is presently engaged on Mumbai Metro Line III, developing 4 km of dual tunnels, 4 stations, and two Chennai Metro packages.
The corporate has constructed main sections of the Delhi Metro, Bangalore Metro, Mumbai Metro Line I, and Kolkata Metro.
At 10:40 AM, the shares of HCC have been buying and selling 1.86% larger at Rs 23.04 on NSE.
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