HCC consortium bags Rs 1,398 cr project

MUMBAI: Infrastructure firm Hindustan Construction Company led consortium has bagged a contract worth Rs 1,398.50 crore from Andhra Pradesh Government for irrigation project.

The company has been awarded the contract along with two other companies -- Megha Engineering & Infrastructure (MIEL) and Czech Republic-based CKD Blansko Engineering (CBE) for J Chokka Rao Devadula Lift Irrigation Scheme, HCC said in a filing to the Bombay Stock Exchange.

Hindustan Construction Company has a share of 45 per cent or Rs 629.33 crore in the total value of the contract, the company added.

Under the project, given by the Irrigation and Command Area Development Department, about 3.43 acres of land would be irrigated in Warangal District of Telengana region and is expected to be completed in 36 calendar months.

HCC at present is involved in the construction of Godavari Lift Irrigation project and is executing four major projects in Andhra Pradesh.

Shares of Hindustan Construction were trading at Rs 103.55, up 0.68 per cent in afternoon trade on the BSE.