HCC Shares Surge 13.26% After Securing Rs. 2,470 Crore Tata Power Contract

 Summary:

 Hindustan Construction Company Limited (HCC) and Tata Projects Limited (TPL), in a 50:50 Joint Venture, have been awarded a Rs. 2,470 crore contract by Tata Power Company Limited. The project involves the construction of the Bhivpuri Off-Stream Open Loop Pumped Storage Project (PSP) – 1000 MW (2x333 MW + 2x167 MW), located at Karjat, Maharashtra.

Stock Performance:
  • The stock surged 13.26% intraday, reaching a high of Rs.27.84 following the announcement.
  • Market Cap : Rs.5,001.48 Cr.

Key Data Points:

  • Company: Hindustan Construction Company Limited (HCC) & Tata Projects Limited (TPL) (50:50 JV)
  • Order Value: Rs. 2,470 crore
  • Client: Tata Power Company Limited
  • Project: Bhivpuri Off-Stream Open Loop Pumped Storage Project (PSP) – 1000 MW
  • Location: Karjat, Maharashtra
  • Scope of Work:
    • Civil & H&M components
    • Coffer Dam, Intake Structure, Head Race Tunnels, Penstock, Surge Shaft, Pressure Shaft, Powerhouse
    • Tail Race Tunnel, Lower Intake Structures, a new lower reservoir with GFRD Dam, adits, roads & drains
    • BOP foundation & building structures, infrastructure development
    • Review & interface of electro-mechanical works

About the Company:

Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. 

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