Nuclear Energy stock involved in the engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro, nuclear, and thermal power plants jumped upto 6 percent in the day’s trade upon receiving a new work order worth ~Rs. 1,032 Crores.
Price Action
With a market capitalization of Rs. 7,434 Crores, the shares of Hindustan Construction Co. Limited were trading at Rs. 44.25 per equity share, up 5 percent from its previous day’s close price of Rs. 42.27.
What Happened
Hindustan Construction Co. Limited involved in the engineering and construction of infrastructure projects such as dams, tunnels, hydro, nuclear, and thermal power Plants, and many more, has received a new work order from Maharashtra State Road Development Corporation Limited.
The said work order is for the Construction of a Two-Lane Bridge across Agardanda Creek with approaches connecting Tokekhar Tq. Murud and Turumbadi Tq. Mhasala in Raigad District on Revas-Reddi Coastal Highway (MSH-04) in the State of Maharashtra on EPC Mode for a consideration of Rs. 1,031.6 Crores and it is to be executed within 36 months.
About the Company
Hindustan Construction Company Limited is involved in the engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear, and thermal power plants, expressways and roads, marine works, water supply, irrigation systems, and industrial buildings across the country
Hindustan Construction Company Limited is involved in building various structures and facilities required for nuclear power plants, such as reactor buildings, cooling towers, and other related civil engineering works. It has built 60 percent of India’s installed nuclear power capacity and 26 percent of India’s installed hydropower capacity.
As of Q1FY25, Hindustan Construction Co. Limited has a strong order book of Rs. 9,534 Crores, and its line-wise distribution consists of Transport 47 percent, Hydro 28 percent, Water 20 percent, and Nuclear 5 percent.
Financials
Its Revenue from operations declined by 6 percent from Rs. 1,926.52 Crores in Q1FY24 to Rs. 1,815.95 Crores in Q1FY25, accompanied by a profit of Rs. 52.73 Crores to a loss of Rs. 2.46 Crores.
Written by: Bharath K.S
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