HCC wins Rs. 127 crore Bhutan hydro project contract

Hindustan Construction Company Ltd. (HCC) secured a contract worth Rs. 127 crore from Wangchhu Hydroelectric Power Limited (WHPL), Bhutan, for construction works related to the Wangchhu Hydroelectric Project.

The scope of work includes construction of diversion tunnels, hydromechanical gates and cofferdams. The contract is scheduled to be completed within nine months. The award follows WHPL's technical and financial evaluation process and reflects HCC's proven expertise in executing complex hydroelectric projects in challenging geographies.

The diversion works are critical for enabling the early commencement of the project's primary civil works and maintaining the overall implementation schedule of the Wangchhu Hydroelectric Project.

Bhutan's hydropower sector is poised for significant expansion under the country's 13th Five-Year Plan (2024-29), with the government targeting 6,000 MW of installed capacity and continued investments in large hydroelectric projects.

HCC's continued presence in Bhutan for over three decades has contributed significantly to the country's hydropower capacity through projects such as Tala (1 020 MW), Kurichu (60 MW), Punatsangchhu-1 ( 1200 MW), Dagachhu ( 114 MW) and Nikachhu ( 118 MW).

The company has also executed 26% of India's installed hydropower capacity.

Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 24.02 as compared to the previous close of Rs. 23.98. The total number of shares traded during the day was 1766822 in over 2689 trades.

The stock hit an intraday high of Rs. 24.46 and intraday low of 23.70. The net turnover during the day was Rs. 42594704.00.

Source : Equity Bulls

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