Infrastructure firm Hindustan Construction Company -led joint venture has bagged a contract worth Rs 1,398.50 crore from Andhra Pradesh Government for irrigation project.

The order, part of the J Chokka Rao Devadula Lift Irrigation Scheme, has been awarded by the Irrigation & Command Area Development (ICAD) department of the Government of Andhra Pradesh.

HCC has a share of 45% or Rs 629.33 crore in the total value of the contract.

Era Infra Engineering Ltd, a unified infrastructure development conglomerate, has pocketed a contract worth Rs 351.7 million (approx.) from Central Public Works Department (CPWD).

Under the proposed contract, the company will execute construction of additional general pool office accommodation at Kavadiguda, Secunderabad.

Recently, Era Infra Engineering Ltd has been awarded with two contracts, one from Bharat Heavy Electrical Limited (BHEL), and second from Central Public Works Department (CPWD). These two contracts entail total investment of Rs 138 crore.

Stock market analysts have maintained a ‘Buy’ rating on GMR Infrastructure stock with a long term target of Rs 175.

The company is now making robust efforts to expand its market share, strengthen its business, shapes its asset quality and put more pressure on customer service to develop its profile and combat increasing competition.

According to analysts, investors who have already purchased the stock can go long with the intention of making a big profit.

On the other hand, interested investors can purchase the stock on declines with a strict stop loss of Rs 95.

Emkay has maintained ‘Buy’ rating on Punj Lloyd stock with a long term target of Rs 414.

According to Emkay, interested investors can purchase the stock on declines with a strict stop loss of Rs 265.

Shares of the company, on Thursday (July 31), closed at Rs 269.10 on the Bombay Stock Exchange (BSE). Current EPS and PE Ratio stood at 7.30 and 36.88 respectively. The share price has seen a 52-week high of Rs 589.10 and a low of Rs 183.20 on BSE.

Hyderabad-based IVRCL Infrastructures & Projects (IVRCL) has been awarded AVR H.N.S.S. Project-Phase II by the Irrigation & CAD department of Andhra Pradesh.