Synopsis: Small-cap company shares rose 3% after its JV won a ₹2,917 crore CIDCO contract, with HCC’s share ~₹1,100 crore. The project includes a 22.21 km TBM tunnel from Kondhane Dam to a 250 MLD plant in Panvel, plus design, construction, and 15-year O&M under a DBO model.
The shares of the Small-cap company, specializing in the engineering and construction of large-scale, technically complex infrastructure projects, primarily within India, are in focus upon securing Rs. 2,917 Crore Water Infrastructure Contract in JV with CIDCO
With a market capitalization of Rs. 5,359.43 Crores on the Day’s Trade, the shares of Hindustan Construction Company Ltd rose by 2.9 percent, reaching a high of Rs. 21.20 compared to its previous close of Rs. 20.60.
What Happened
Hindustan Construction Company Ltd, engaged in the engineering and construction of large-scale, technically complex infrastructure projects, has secured a major infrastructure contract worth approximately Rs. 2,917 crore from City and Industrial Development Corporation of Maharashtra. The project, awarded to the LCESPL-HCC joint venture, involves HCC executing works valued at around Rs. 1,100 crore.
The contract includes designing and constructing a 22.21 km raw water tunnel using Tunnel Boring Machine (TBM) technology, linking Kondhane Dam in Karjat to a proposed 250 MLD water treatment plant in Panvel, located in Raigad district. It also covers the full lifecycle of the treatment plant, including design, construction, and 15 years of operation and maintenance under a DBO model.
This project is a key part of CIDCO’s long-term plan to strengthen water infrastructure in Navi Mumbai and nearby regions, aiming to ensure reliable and sustainable water supply to support growing urban and industrial demand.
Financials & Others
Its Revenue from operations fell by 8 percent YoY from Rs. 1,006.81 Crores in Q3FY25 to Rs. 925.32 Crores in Q3FY26, and it declined by 3.6 percent QoQ from Rs. 960.74 Crores in Q2FY26 to Rs. 925.32 Crores in Q3FY26.
Its Net loss YoY from Rs. 38.92 Crores in Q3FY25 turned to a profit of Rs. 8.07 Crores in Q3FY26, and on a QoQ basis, it declined by 83 percent from Rs. 47.78 Crores in Q2FY26 to Rs. 8.07 Crores in Q3FY26.
HCC has a diversified and robust order book with a total backlog of Rs. 13,148 crore. The business is led by Transport projects (65%), followed by Hydro (19%), Water (12%), and Nuclear & Buildings (4%).
HCC is a leading Indian infrastructure developer headquartered in Mumbai, with nearly 100 years of engineering heritage. The company focuses on developing and building responsible, next-generation infrastructure and specializes in complex, landmark projects across transportation, power, and water sectors.
The company has executed many of India’s landmark infrastructure projects, including 26% of the country’s hydro power and 60% of its nuclear power generation capacities. The company has also built over 4,036 lane km of expressways and highways, more than 402 km of complex tunnels, and 403 bridges. Today, HCC continues to serve the transportation, power, and water infrastructure sectors.
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