By IANS,
Mumbai : Engineering and construction major Hindustan Construction Company (HCC) Tuesday said it has bagged Rs.289 crore contract from the Gujarat government to construct bulk water transmission system.
“HCC has received a letter of acceptance (LOA) for a Rs.289 crore contract to construct a bulk water transmission system for Gujarat Water Infrastructure Ltd, a government of Gujarat undertaking,” the company said in a regulatory filing.
“The work involves construction of a 57-km long water transmission pipeline between Dhanki and Maliya villages under the Swarnim Gujarat Saurastra-Kutch water grid programme,” it added.
At the Bombay Stock Exchange, the shares of the company closed 7.27 percent up at Rs.17.70.
The project which is to be completed in 12 months also involves commissioning and maintenance for 5 years.