Shares of Hindustan Construction Company rose on Friday after the infrastructure major announced that its joint venture has secured a railway contract valued at Rs 9.01 billion. The project has been awarded by Northeast Frontier Railway for the construction of a key tunnel on the Tupul–Imphal new broad gauge railway line.

At the last count, HCC shares were trading 0.67 per cent higher at Rs 18.13 on the BSE, compared with a previous close of Rs 18.01. The stock remains nearly 44 per cent lower on a year-to-date basis, although it had gained more than 4 per cent in the previous trading session.

In a regulatory filing, the company said the project was bagged by the HCC–VCCL joint venture, in which HCC holds a 65 per cent stake. The scope of work includes the construction of a 3.5 km main tunnel, along with comprehensive design, engineering and commissioning activities.

HCC said the mandate covers the design and proof-checking of a broad-gauge ballast-less track, as well as the supply, installation, testing and commissioning of all associated systems and structures required for railway operations.

Earlier this month, on 3 December 2025, the company had issued a clarification to stock exchanges following a sharp rise in trading volumes. HCC stated that the movement was market-driven and confirmed that there were no pending disclosures or announcements requiring intimation.