C&C Construction bags Rs 334 crore order in Q1, FY'14

NEW DELHI: Infrastructure company C&C Construction today said its building and road verticals have received contracts worth Rs 334 crore during the April-June quarter of 2013-14.

The company received a Rs 89 crore contract from Airport Authority of India (AAI), while it got four road contracts totalling Rs 245 crore in a joint venture (JV), C&C said in a filing to the Bombay Stock Exchange ( BSE).

The contract from AAI pertains to construction of Indian Aviation Academy and Hostel Block in New Delhi.

Of the four road contracts, three were given to BSC-C&C JV by Ircon International for building road bridges in Bihar. Both the partners have equal stake in the venture.

Besides, Bihar State Road Transport Corporation has awarded a Rs 150 crore project to the JV for upgrading Siwan-Siswan State Highways No 89, it added.

The company scrip closed at Rs 28.95, up 3.58 per cent on the BSE.