HCC builds on a new high

HCC has hit a new 52-week today morning at Rs.20 and it currently remains at the same levels, up almost 4.5% over Thursday’s close.

The company has hit a high on the back of the statement which the company issued on 16^th April, that it has received a Rs.300 crore contract from Delhi Metro Rail Corporation.

This contract is for design and construction of 1.54 KM long twin tunnel on Dwarka-Najafgarh metro corridor of phase Ill of Delhi Metro. This is the third contract for underground metro received by HCC since October 2012 under the phase Ill development of Delhi Metro aggregating Rs 1539 crore. The company is scheduled to deliver in the next 36 months.