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Hindustan Construction Company (HCC) secured a significant infrastructure contract valued at approximately ~2.917.6 crore from City and Industrial Development Corporation of Maharashtra (CIDCO) for the construction of a 22.21 km raw water tunnel and a 250 MLD water treatment plant in Raigad. The project has been awarded to the LCESPL-HCC Joint Venture, in which HCC is responsible for executing works worth approximately Rs 1,100 crore.
The project involves the design and construction of a 22.21 km long raw water tunnel using Tunnel Boring Machine (TBM) technology, conveying water from Kondhane Dam at Village Chochi in Karjat to a proposed 250 MLD Water Treatment Plant (WTP) at Village Mohope in Pan vel.
The scope of work also includes the design, build, supply, erection, testing and commissioning of the water treatment plant, along with 15 years of comprehensive operation and maintenance under a Design, Build and Operate (DBO) contract model.
The order is for the construction of a 22.21 km raw water tunnel and a 250 MLD water treatment plant in Raigad.
The project has been awarded to the LCESPL–HCC joint venture, with HCC’s execution share valued at around Rs 1,100 crore.
The scope of work includes the design and construction of a 22.21 km tunnel using tunnel boring machine (TBM) technology to transport water from Kondhane Dam in Karjat to a proposed water treatment plant at Mohope in Panvel. It also involves the design, build, supply, erection, testing and commissioning of the 250 MLD water treatment facility.
In addition, the contract includes 15 years of comprehensive operations and maintenance under a design, build and operate (DBO) model.
The project is part of CIDCO’s plan to strengthen long-term water infrastructure for Navi Mumbai and adjoining regions, aimed at supporting rising urban and industrial water demand.
Hindustan Construction Company (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro, nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country.
The company reported consolidated net loss of Rs 22.42 crore in Q3 FY26 as against net loss of Rs 255.56 crore in Q3 FY26. Revenue from operations fell 8.1% to Rs 925.32 crore in Q3 FY26 as against Rs 1,006.81 crore in Q3 FY25.
Shares of Hindustan Construction Company fell 2.67% to Rs 20.05 on the BSE.
Prism Johnson Ltd, Avanti Feeds Ltd, Kajaria Ceramics Ltd and Thangamayil Jewellery Ltd are among the other losers in the BSE's 'A' group today, 24 December 2025.
Hindustan Construction Company Ltd lost 4.69% to Rs 18.68 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 36.45 lakh shares were traded on the counter so far as against the average daily volumes of 43.86 lakh shares in the past one month.
Prism Johnson Ltd tumbled 4.45% to Rs 145. The stock was the second biggest loser in 'A' group.On the BSE, 2.3 lakh shares were traded on the counter so far as against the average daily volumes of 81392 shares in the past one month.
Avanti Feeds Ltd crashed 4.00% to Rs 823. The stock was the third biggest loser in 'A' group.On the BSE, 60292 shares were traded on the counter so far as against the average daily volumes of 34775 shares in the past one month.
Kajaria Ceramics Ltd dropped 3.73% to Rs 977.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 24656 shares were traded on the counter so far as against the average daily volumes of 14450 shares in the past one month.
Thangamayil Jewellery Ltd plummeted 3.38% to Rs 3306.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 2869 shares were traded on the counter so far as against the average daily volumes of 10758 shares in the past one month.
Jupiter Wagons Ltd, Hindustan Construction Company Ltd, Rajesh Exports Ltd and Sterlite Technologies Ltd are among the other gainers in the BSE's 'A' group today, 22 December 2025.
NIIT Ltd soared 13.91% to Rs 98.82 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 6.12 lakh shares were traded on the counter so far as against the average daily volumes of 15044 shares in the past one month.
Jupiter Wagons Ltd surged 13.09% to Rs 294.15. The stock was the second biggest gainer in 'A' group. On the BSE, 30.85 lakh shares were traded on the counter so far as against the average daily volumes of 84938 shares in the past one month.
Hindustan Construction Company Ltd spiked 9.82% to Rs 20.35. The stock was the third biggest gainer in 'A' group. On the BSE, 40.67 lakh shares were traded on the counter so far as against the average daily volumes of 43.2 lakh shares in the past one month.
Rajesh Exports Ltd jumped 9.61% to Rs 223.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 27683 shares in the past one month.
Sterlite Technologies Ltd added 9.38% to Rs 109.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.79 lakh shares were traded on the counter so far as against the average daily volumes of 68418 shares in the past one month.
Hindustan Construction Company Ltd, Tata Teleservices (Maharashtra) Ltd, Arvind Ltd and P I Industries Ltd are among the other losers in the BSE's 'A' group today, 12 December 2025.
Refex Industries Ltd tumbled 19.99% to Rs 254.35 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 7.16 lakh shares were traded on the counter so far as against the average daily volumes of 1.71 lakh shares in the past one month.
Hindustan Construction Company Ltd crashed 5.72% to Rs 17.81. The stock was the second biggest loser in 'A' group.On the BSE, 37.2 lakh shares were traded on the counter so far as against the average daily volumes of 34.71 lakh shares in the past one month.
Tata Teleservices (Maharashtra) Ltd lost 2.82% to Rs 49.28. The stock was the third biggest loser in 'A' group.On the BSE, 4.82 lakh shares were traded on the counter so far as against the average daily volumes of 12.6 lakh shares in the past one month.
Arvind Ltd fell 2.69% to Rs 316.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 22704 shares were traded on the counter so far as against the average daily volumes of 22482 shares in the past one month.
P I Industries Ltd pared 2.67% to Rs 3287.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 11692 shares were traded on the counter so far as against the average daily volumes of 15768 shares in the past one month.
Hindustan Construction Company (HCC) announced a significant reduction in its exposure to debt (arising from Corporate Guarantee) issued in connection with loan facilities of Prolific Resolution (PRPL), an associate company.
As part of its plan with lenders, HCC had transferred an aggregate debt of ~2.854 crore to PRPL along with ~6.508 crore of Awards & Claims, while retaining a 49% equity stake in the entity. The Company had also provided a corporate guarantee for 100% of the debt owed by PRPL to its lenders. With accrued interest, the total amount of PRPL debt along with Awards & Claims is currently ~3.935 crore and ~6.325 crore, respectively.
Following formal approvals from PRPL Lenders, its Board and relevant stakeholders, HCC's guarantee obligation has been reduced from 100% of the outstanding amount to ~571 crore, representing 20% of the principal amount transferred. The reduction is part of the Company's ongoing commitment to de-leverage its balance sheet, strengthen its investment grade rating and access capital markets for stronger future growth as it scales its operations.
This material event has paved the way for HCC to access larger credit facilities and raise equity capital, including the recently announced Rights Issue which is supported by HCC's Promoter Group. The revised guarantee framework has been executed today in coordination with lending institutions and is in compliance with applicable regulatory, legal, and governance requirements.