Hindustan Construction Company gains after securing major railway tunnel project

Hindustan Construction Company shares moved higher after the company announced that its joint venture had secured a railway sector contract worth ₹9.01 billion. The order involves construction of a tunnel project, strengthening HCC’s order book and improving near term revenue visibility. Investors reacted positively to the announcement, viewing the win as supportive of execution momentum in infrastructure spending. The project adds to HCC’s exposure to complex engineering works, particularly in rail infrastructure, an area expected to benefit from sustained government capex over the coming years.