HCC NSE filing

HCC Secures ₹524 Crore NHPC Contract for Salal Power Station in J&K

The RealCase readMedium impact Positive

Hindustan Construction Company Limited (HCC) secured a ₹524.17 crore contract from NHPC Limited for civil and hydro-mechanical works at the Salal Power Station in Jammu & Kashmir. The project involves making the dam's undersluices fully functional and has a duration of 27 months. This award leverages HCC's extensive experience in hydropower projects in the region.

Why it matters

The contract value of ~524 crore is substantial and contributes to HCC's order book, impacting its revenue and project pipeline, but it does not represent a transformative change for the company.

The market read

The company has secured a significant new contract, which is positive for its business outlook and revenue generation.

Hindustan Construction Company Limited (HCC) has been awarded a contract valued at approximately ₹524.17 crore by NHPC Limited. This project is situated at the Salal Power Station in Jammu & Kashmir and encompasses civil and hydro-mechanical works, along with associated ancillary and enabling works. The primary objective is to ensure the undersluices of the concrete dam at the Salal Power Station become fully functional and operational.

The contract has a duration of 27 months. The rehabilitation of the undersluices is crucial for enhancing the dam's operational efficiency, improving sediment management, and strengthening its long-term safety and reliability. This award further solidifies HCC's extensive experience in executing significant engineering projects in Jammu & Kashmir, building upon its legacy of constructing the 690 MW Salal Hydroelectric Project commissioned in 1987.

HCC's portfolio in the region also includes other major hydropower projects such as Uri-II (240 MW), Kishanganga (333 MW), Nimoo Bazgo (45 MW), and Chutak (44 MW), contributing approximately 38% of J&K's total installed hydropower capacity. Additionally, HCC's expertise extends to critical infrastructure like India's first cable-stayed railway bridge at Anji Khad and nearly 32 km of tunnels for the Udhampur-Srinagar-Baramulla Rail Link project.

Filing to action

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Hindustan Construction Company Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.

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Primary source

A plain-language summary of a public exchange filing by Hindustan Construction Company Limited. Read the original for the full detail.

View original filing