Shares of Hindustan Construction Company Ltd (HCC) fell 2% after hitting a day’s high of Rs 27.88 on 30th September, despite the company announcing that it had signed a Memorandum of Understanding (MoU) with Konkan Railway Corporation Ltd to jointly pursue and execute large-scale railway and multi-modal transport infrastructure projects across India and overseas markets.

HCC said it will combine its expertise in heavy civil construction with KRCL’s strengths in rail systems and project execution.

Together, they plan to deliver complete transport infrastructure solutions, covering civil works, track laying, signalling, electrification, MEP systems, operations, and maintenance.

The partnership will focus on metro systems, tunnelling, railway bridges, and large-scale EPC contracts. Both firms will jointly identify and bid for projects under different models, including EPC, design-build, unit-rate contracts, and public-private partnerships.

Vice-chairman and MD Arjun Dhawan said the collaboration will help expand their presence in domestic and international markets while delivering integrated rail and transport solutions.

At 3:30 PM, the shares of HCC ended 1.17% lower at Rs 27.11 on NSE.

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