Hindustan Construction bagging hydro-electro power project

Hindustan Construction Company rose 5.94% to Rs 47.25 at 12:01 IST on BSE, on bagging hydro-electro power project worth 360.05 crore.
The stock hit a high of Rs 47.90 and a low of Rs 45.10 so far during the day. The stock has a 52-week high of Rs 278.90 on 2 January 2008 and a 52-week low of Rs 40.80 on 16 October 2007.
The company’s current equity is Rs 25.62 crore. Face value per share is Rs 1.
The current price of Rs 47.25 discounts the company’s Q1 June 2008 annualized EPS of Rs 4.81, by a PE multiple of 9.82.
Hindustan Construction Company (HCC) has bagged an order worth Rs 360.05 crore from Lanco Infra Tech for a hydro-electro power project. The project is to be executed within 45 months from the date of letter of intent.
On 17 October 2008, the company won two orders worth Rs 3338 crore from the Andhra Pradesh government in consortium with other firms.
On 15 October 2008, HCC announced that Bank of India has invested Rs 150 crore in its subsidiary Lavasa Corporation, in the form of convertible debentures.
In August 2008, a joint venture of Hindustan Construction bagged an irrigation order worth Rs 1398.50 crore in Andhra Pradesh.
HCC will declare its Q2 September 2008 results on Friday, 24 October 2008. The company’s net profit fell 11.8% to Rs 30.84 crore on 18.8% increase in net sales to Rs 865.89 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in constructing industrial and commercial building. HCC specializes in large-scale civil constructions. It has been continuously developing new age construction technologies.