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Infrastructure major Hindustan Construction Company (HCC) has bagged an EPC (Engineering, Procurement, Construction) contract worth Rs. 810 crore from the Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) for constructing a MW hydro power plant on the Sind river in central Kashmir. The project is to be completed in 48 months.
This is HCC’s second-largest order in the current quarter. The company had recently announced winning a Rs. 763-crore contract from the Indira Gandhi Centre for Atomic Research (IGCAR) for building structures of Fast Reactor Fuel Cycle Facility (FRFCF) at Kalpakkam, Tamil Nadu.
In the first quarter of this financial year, HCC secured two new orders worth Rs. 1,012 crore and emerged the lowest bidder in projects worth Rs. 2,804 crore, the company said in an earlier statement, adding that its order book stood at Rs. 20,363 crore as on June 30, excluding L1 bids the company submitted.
“Our order book is very healthy and we expect improvements in our pace of its execution by this fiscal year-end,” said Praveen Sood, Group CFO, HCC.
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