HCC Pockets Hyro Power Deal Worth Rs 431 Crore

HCC Pockets Hyro Power Deal Worth Rs 431 CroreInfrastructure major Hindustan construction company (HCC) announced that it has pocketed an engineering, procurement and construction contract (EPC) valued at Rs 431 crore from Himachal Pradesh Power Corporation (HPPCL).

The 100 MW Sainj hydroelectric project, about 52 Km from Kullu, is to be finished within 48 months.

Mr. Vinayak Deshpande, president and chief operating officer of HCC stated, "The contracts demonstrate HCC's EPC expertise in the hydel power development sector."

Among HCC's projects is the 1,500 MW Nathpa Jhakri hydroelectric project.

At present, the company is executing 13 hydro-electric power projects.

The company has an equity capital of Rs 303.25 million. Face value of share is at Rs 1. It has market capitalization of Rs 35.65 billion as on June 24, 2010.

Shares of the company dropped Rs 1.55 at Rs 116. The total volume of shares traded was 198,527 at the BSE.

The share price has seen a 52-week high of Rs 162.20 and a low of Rs 96.45 on BSE.

Current EPS & P/E ratio stood at 2.69 and 43.16 respectively. (With Inputs from Agencies)