on Friday secured a ₹127 crore contract from Wangchhu Hydroelectric Power Limited (WHPL) in Bhutan for construction works on the Wangchhu Hydroelectric Project. The contract is to be completed within nine months.
The scope of work covers construction of diversion tunnels, hydromechanical gates, and cofferdams — structures critical for enabling early commencement of the project’s primary civil works. The award followed WHPL’s technical and financial evaluation process.
HCC’s stock responded modestly, trading at ₹24.14 on the as of midday Friday, up 0.63 per cent from the previous close of ₹23.99. Traded volume stood at around 2.60 crore shares with a traded value of ₹62.97 crore, reflecting active market interest. The stock has gained over 26 per cent year-to-date but remains about 18.5 per cent below its 52-week high of ₹31.42.
The contract adds to HCC’s longstanding footprint in Bhutan, spanning over three decades, through projects including Tala (1,020 MW), Punatsangchhu-I (1,200 MW), and Nikachhu (118 MW). The company has built 26 per cent of India’s installed hydropower capacity.
Bhutan is targeting 6,000 MW of installed hydropower capacity under its 13th Five-Year Plan (2024–29), positioning the country as a significant market for infrastructure contractors with hydropower expertise. HCC currently carries a market capitalisation of approximately ₹6,331 crore.