Hindustan Construction has won this order in consortium with Om Infra Ltd, with a 50% share in the Joint Venture.
Punjab & Sind Bank and Indian Bank were the top gainers among PSU Bank stocks.
The company’s short-term instruments have been rated ‘ICRA A1+’.
The appraisal identified salient strengths such as leadership commitment to quality and delivery excellence through various initiatives.
The outlook for the RE sector remains stable, aided by the strong policy thrust, improved tariff competitiveness of both solar & wind energy as well as supportive regulatory framework.
The interim dividend shall be paid to all shareholders of the company whose names are appearing on the company’s register until March 25, 2022.
"We are very delighted to win this prestigious order from Government of Rajasthan", said Vikas Kothari, Managing Director & CEO.
The credit rating agency has reaffirmed CARE BBB for long-term / short-term Bank Facilities and FO while Outlook revised from Stable.
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