C&C Constructions bags Rs 574 cr contract from Jaypee Associates
C&C Constructions on Tuesday said it has bagged a Rs 574 crore contract from Jaypee Associates for the construction and development of a four-lane road passing through Himachal Pradesh, Haryana and Punjab.
By PTI |
MUMBAI: C&C Constructions on Tuesday said it has bagged a Rs 574 crore contract from Jaypee Associates for the construction and development of a four-lane road passing through Himachal Pradesh, Haryana and Punjab.
The company has received the contract for building the road from Zirakpur in Punjab to Parwanoo in Himachal Pradesh (HP) across Haryana, it informed the Bombay Stock Exchange adding that the project is expected to be completed in 26 months.
C&C Constructions had previously bagged two orders worth Rs 202 crore from the HP Road and Infrastructure Development Corp, which were under the aegis of the World Bank.
The contract from Jaypee Associates is the second EPC contract in HP for the company.
"This contract from Jaypee Associates will enable us to solidify our position as an infrastructure developer in these Northern states like Himachal Pradesh and Punjab. We expect the construction to be completed by June/July 2010," company's Chairman Gurjeet Singh Johar was quoted in the filing.
C&C Constructions' current order book has now grown to over Rs 1500 crore, which is scheduled for implementation over the next 2-3 years, Johar added.
Shares of the company closed at Rs 197.50, up 0.84 per cent on the BSE.
The company has received the contract for building the road from Zirakpur in Punjab to Parwanoo in Himachal Pradesh (HP) across Haryana, it informed the Bombay Stock Exchange adding that the project is expected to be completed in 26 months.
C&C Constructions had previously bagged two orders worth Rs 202 crore from the HP Road and Infrastructure Development Corp, which were under the aegis of the World Bank.
The contract from Jaypee Associates is the second EPC contract in HP for the company.
"This contract from Jaypee Associates will enable us to solidify our position as an infrastructure developer in these Northern states like Himachal Pradesh and Punjab. We expect the construction to be completed by June/July 2010," company's Chairman Gurjeet Singh Johar was quoted in the filing.
C&C Constructions' current order book has now grown to over Rs 1500 crore, which is scheduled for implementation over the next 2-3 years, Johar added.
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Shares of the company closed at Rs 197.50, up 0.84 per cent on the BSE.
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