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HCC bags orders worth Rs.152.6cr
Hindustan Construction Co. (HCC) has bagged two orders from Hindalco Industries Ltd. for
a 6x150MW Captive Power Plant – Aditya Aluminium Project at Sambalpur, Orissa.
The first order for Rs.139.4cr involves general civil, erection of structural steel and
architectural work and is expected to be executed over the next 24 months. The second
order worth Rs.13.2cr involves supply, fabrication and delivery of steel structures for CPP
auxiliary buildings and is expected to be completed in 18 months. With these orders,
HCC’s outstanding order book now stands at ~Rs.17,295cr (4.2x FY2011E revenue).
We maintain our Neutral rating on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HCC bags orders worth Rs.152.6cr
Hindustan Construction Co. (HCC) has bagged two orders from Hindalco Industries Ltd. for
a 6x150MW Captive Power Plant – Aditya Aluminium Project at Sambalpur, Orissa.
The first order for Rs.139.4cr involves general civil, erection of structural steel and
architectural work and is expected to be executed over the next 24 months. The second
order worth Rs.13.2cr involves supply, fabrication and delivery of steel structures for CPP
auxiliary buildings and is expected to be completed in 18 months. With these orders,
HCC’s outstanding order book now stands at ~Rs.17,295cr (4.2x FY2011E revenue).
We maintain our Neutral rating on the stock.
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