Hindustan Construction Company (HCC) has bagged a contract worth Rs 942.58 crore from BARC to construct the first phase of its Integrated Nuclear Recycle Plant.
“The company has been awarded a prestigious BARC contract worth Rs 942.58 crore for constructing the first phase of Integrated Nuclear Recycle Plant of BARC,” HCC said in a regulatory filing.
It further said: “The scope of work includes construction of fuel processing plant, lab building, disposable material block along with in-situ fabricated stainless steel tanks and liners and electromechanical works.”
Hindustan Construction Company said the project located at coastal town of Tarapur will be completed in 36 months.
This project is part of the first phase of Integrated Nuclear Recycle Plant being built to process spent fuel from upcoming nuclear power plants.
Shares of HCC were trading at Rs 23.25, up 3.56 per cent, from previous close on the BSE.