HCC-Halcrow consortium bags Rs 2,726-cr order | business | Hindustan Times
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HCC-Halcrow consortium bags Rs 2,726-cr order

business Updated: Jan 23, 2009 15:10 IST

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Infrastructure firm Hindustan Construction Co, along with UK-based Halcrow Group, has bagged a Rs 2,726-crore order from National Hydroelectric Power Corp for setting up a 330 MW project in Jammu and Kashmir.

The consortium comprising HCC and UK-based Halcrow Group has bagged the 330-MW Kishanganga hydro-electric project from NHPCL, the company said in a filing to the Bombay Stock Exchange.

HCC's share in the project is 98 per cent, while Halcrow Group holds the remaining. The project is scheduled to complete in 84 months.

The scope of work includes a 37 m high dam, a 23.5-km tunnel and an underground powerhouse.

"This is a prestigious contract win for us. HCC has successfully constructed over 23 per cent of India's hydel power generation capacity including several challenging projects in Himalayan region," HCC President and Chief Operating Officer Vinayak Deshpande said in a statement.

The company said it has built Salam Dam and is currently developing five other infrastructure projects.

Shares of the company were trading at Rs 41.30, down 2.71 per cent on the BSE.