Hindustan Construction spurts 5% on bagging orders worth Rs609 crore

17 Mar 2022 , 12:59 PM

Hindustan Construction Company Limited informed the investor and exchanges that the company has won orders worth Rs609 crore by the Public Health Engineering Department, Govt of Rajasthan, for the construction of the Nokha Water Supply Project to provide Functional Household Tap Connection (FHTC) in Bikaner District.

Hindustan Construction has won this order in consortium with Om Infra Ltd, with a 50% share in the Joint Venture.

The scope of work involves constructing a network of water distribution lines of over 1000 km, including main trunks, cluster distribution, and village distribution lines, elevated storage reservoirs, clear water reservoirs, and booster pumping stations at several locations.

The Government of India’s Jal Jeevan Mission is one of the prime and ambitious Water infrastructure development programs with contributions from the various State Governments.

HCC is currently trading at Rs15.75 up by Rs0.75 or 5% from its previous closing of Rs15 on the BSE.