New Delhi, March 21 -- Shares of Hindustan Construction Company (HCC) surged 13.3% in early morning trade on Friday, March 21, reaching Rs.27.84 apiece after its joint venture with Tata Projects secured an order worth Rs.2,470 crore from Tata Power Company for a Pumped Storage Project.

"Hindustan Construction Company Limited (HCC) and Tata Projects Limited (TPL), in a 50:50 joint venture, have been awarded a Rs.2,470 crore contract by Tata Power Company Limited for the construction of the Bhivpuri Off-Stream Open-Loop Pumped Storage Project (PSP) with a capacity of 1,000 MW (2x333 MW + 2x167 MW), located at Karjat, Maharashtra," the company said in Thursday's regulatory filing.

According to the company, the scope of work includes civil ...