HCC Shares Jump 13% as JV Secures INR 2,470 Crore Order from Tata Power Shares of Hindustan Construction Company (HCC) surged over 13% in intraday trading after its joint venture (JV) secured a INR 2,470 crore contract from Tata Power. The order, awarded by Tata Power’s transmission and distribution business, is expected to significantly boost HCC’s order book and revenue growth.
Hindustan Construction Company’s shares increased 13.3% after a joint venture with Tata Projects received a Rs. 2,470 crore order for a Pumped Storage Project. This follows another contract victory worth Rs. 2,191 crore for a metro rail project.
HCC Shares Price 13% as JV Wins INR 2,470 Crore Tata Power Contract
Key Highlights:
- JV Contract Value: INR 2,470 crore
- Client: Tata Power
- Market Reaction: HCC shares rallied over 13% on the announcement
- Project Scope: Infrastructure development in the power transmission sector
Investor Sentiment & Future Outlook
Market analysts believe this contract win strengthens HCC’s position in the infrastructure and power transmission segments. Given India’s focus on expanding power infrastructure, the deal is expected to contribute positively to the company’s financials.
Despite previous financial challenges, HCC has been strategically securing high-value projects, which could drive long-term growth. Investors are optimistic about the company’s revival, and analysts expect continued momentum in its stock performance.
For further updates, keep an eye on HCC’s upcoming financial disclosures and project execution timelines.
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