HCC-TPL JV wins Rs 2,470 Cr order from Tata Power

Hindustan Construction Company Limited (HCC) and Tata Projects Limited (TPL) in a 50:50 Joint Venture have been awarded a Rs 2,470 crore contract by Tata Power Company Limited for the construction of Bhivpuri Off-Stream OpenLoop Pumped Storage Project (PSP) 1000 MW (2x333 MW + 2x167 MW) located at Karjat, Maharashtra.

The scope of work includes Civil and H&M components of the project i.e. Coffer Dam, Intake Structure including gates & screen at the existing upper reservoir of Thokerwadi, Head Race Tunnels, Penstock, Surge Shaft, Pressure Shaft, Powerhouse, Tail Race Tunnel, Lower Intake Structures including gate & screens, a new lower reservoir with GFRD Dam, adits, roads & drains, various BOP foundation and building structures. The scope wi ll also include other appurtenant works required for completion of the project consisting of infrastructure works along with review and interface of electro-mechanical works.

HCC has served the nation in the development of nearly 26% of installed hydropower capacity and is currently executing five hydroelectric power projects, including the 1000 MW Tehri Pumped Storage System in Uttarakhand. This latest win by HCC further cements its position as a leading partner in the development of hydropower projects for the country.

Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 24.60 as compared to the previous close of Rs. 25.16. The total number of shares traded during the day was 3311501 in over 5710 trades.

The stock hit an intraday high of Rs. 25.66 and intraday low of 24.52. The net turnover during the day was Rs. 82440497.00.

Source : Equity Bulls

Keywords

HindustanConstructionCompany INE549A01026 HCC JV TataProjects OrderWin TataPowerCompany