C&C Construction hits 5% UC

C&C Construction had breached the 5% UC yesterday at Rs.23.55 and today too, the moment it opened, it hit the 5% UC at Rs.24.15. Its 52-week high stands at Rs.29.50.

The company announced yesterday after market hours that its JV company, EPI-C&C has been awarded a project by the Government of India for construction of two lane road on National Highway (NH) from Paletwa to India-Myanmar border in Chin State of Myanmar on EPC mode.

C&C’s share in this JV stands at 60% and the total value of the contract was at Rs,1518 crore.

Another JV of the company, BSC C&C was awarded a five road project in state of Bihar and the value of this contract was placed at Rs.1493 crore. In this JV, C&C’s share is at 50%.