HCC wins Rs. 2,917 Cr CIDCO Water Infrastructure Contract in JV

Hindustan Construction Company Limited (HCC) secured a significant infrastructure contract valued at approximately Rs. 2917.6 crore from City and Industrial Development Corporation of Maharashtra Limited (CIDCO) for the construction of a 22.21 km raw water tunnel and a 250 MLD water treatment plant in Raigad. The project has been awarded to the LCESPL-HCC Joint Venture, in which HCC is responsible for executing works worth approximately Rs. 1100 crore.

The project involves the design and construction of a 22.21 km long raw water tunnel using Tunnel Boring Machine (TBM) technology, conveying water from Kondhane Dam at Village Chochi in Karjat to a proposed 250 MLD Water Treatment Plant (WTP) at Village Mohope in Panvel.

The scope of work also includes the design, build, supply, erection, testing and commissioning of the water treatment plant, along with 15 years of comprehensive operation and maintenance under a Design, Build and Operate (DBO) contract model.

This project forms a key part of CIDCO's strategy to strengthen long-term water supply infrastructure for the rapidly developing nodes of Navi Mumbai and surrounding areas, ensuring reliable and sustainable water availability for urban and industrial growth in the region.

Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 20.07 as compared to the previous close of Rs. 20.60. The total number of shares traded during the day was 3578545 in over 4988 trades.

The stock hit an intraday high of Rs. 21.20 and intraday low of 19.67. The net turnover during the day was Rs. 72664880.00.

Source : Equity Bulls

Keywords

HindustanConstructionCompany INE549A01026 HCC OrderWin JV CIDCO WaterInfrastructureContract