HCC secures Rs 514 mn worth order

Hindustan Construction Company (HCC)  has received an order worth Rs 514.1 million from Hindalco Industries. The order is for potline structural steel erection works for Aditya Aluminium Project at Sambalpur, Orissa. The project is to be completed in 15 months from the date of issue of this order. The stock had underperformed the market over the past one month till Oct. 08, 2010, rising 7.91% compared with the Sensex`s 8.48% rise. It underperformed the market in past one quarter, gaining 8.03% as against 14.72% rise in the Sensex. Shares of the company gained Rs 1.1, or 1.68%, to settle at Rs 66.60. The total volume of shares traded was 1,370,310 at the BSE (Monday).