Hindustan Construction Company (HCC) Share Price surged 11.50% in early trading on March 21, 2025, after winning a ₹2,470 crore contract from Tata Power. The stock opened at ₹25.10, reached a high of ₹28.27, and a low of ₹25.10, before settling around ₹25.43. This follows the previous day’s closing price of ₹24.60 on March 20, 2025.
Overview of Contents
Current Market Performance & Valuation
- Market Cap: ₹4,985 crore
- Current Price: ₹27.4
- 52-Week High/Low: ₹57.5 / ₹22.0
- Return on Capital Employed (ROCE): 21.4%
- Dividend Yield: 0.00%
Why is HCC Gaining?
HCC’s joint venture with Tata Projects recently secured its second major contract this week. After winning a ₹2,191 crore metro rail project, the company has now bagged a ₹2,470 crore contract for the Bhivpuri Off-Stream Open-Loop Pumped Storage Project (PSP) in Karjat, Maharashtra. This project involves hydro-mechanical and civil works, including tunnels, reservoirs, and powerhouse construction.
About Hindustan Construction Company (HCC)
Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship entity of the HCC Group, playing a pivotal role in India’s engineering and construction sector. The company specializes in the development of large-scale infrastructure projects, including dams, tunnels, bridges, hydro, nuclear, and thermal power plants, expressways, roads, marine works, irrigation systems, and industrial buildings across the country.
Details of the Latest Contract
HCC and Tata Projects Limited (TPL), in a 50:50 joint venture, have won the contract from Tata Power Company to build a 1,000 MW pumped storage project. The project includes:
- Coffer dam & intake structures at the Thokerwadi reservoir
- Head race tunnels, penstocks, and powerhouse
- New reservoir with a GFRD dam
- Underground tunnels & station construction
This latest order adds to HCC’s strong portfolio in the infrastructure sector. The company has contributed to 26% of India’s installed hydropower capacity and continues to expand its presence in major infrastructure projects.
Divestment & Capital Strengthening Initiatives
In December 2024, HCC divested Steiner AG to Uniresolv SA to focus on its core operations in India. Earlier in January 2024, Steiner AG’s construction business was sold to Demathieu Bard for ₹928 crore, reducing liabilities by ₹568 crore.
To strengthen its balance sheet, HCC raised ₹600 crore through a QIP allotment in December 2024 and an additional ₹350 crore via a rights issue in April 2024.
Robust Project Pipeline & Order Book
As of Q2 FY25, HCC has 30 active projects spread across Maharashtra, Tamil Nadu, Uttarakhand, Assam, and Bhutan. The company’s total order book stands at ₹9,773 crore, down from ₹13,344 crore in Q2 FY24. Key recent orders include a ₹1,032 crore contract for the Agardanda Bridge project in October 2024.
Order Book Mix:
Sector-wise:
- Transport: 47%
- Hydropower: 26%
- Water Projects: 22%
- Nuclear: 5%
Geography-wise:
- Uttarakhand: 31%
- Maharashtra: 18%
- Gujarat: 15%
- Manipur: 13%
- Tamil Nadu: 11%
- Others: 12%
Additionally, HCC is the L1 bidder for projects worth ₹3,860 crore and has a future bid pipeline of ₹46,000 crore.