Hindustan Construction Company (HCC), as a lead partner in the joint venture with HSEPL has been awarded Rs 6.73 billion contract on EPC basis for the construction of Parwan Gravity Dam by the Water Resources Department, Government of Rajasthan. HCC's share in the JV is 90% (Rs 6.05 billion).

Arun Karambelkar, President & CEO- E&C, HCC, said, "We are honored to be a part of this prestigious project. This project will not only provide irrigation benefits to an area of 1,31,400 ha covering 313 villages but will also cater to drinking water demand of 820 villages of Jhalawar, Baran & Kota districts. In addition about 79 million cu m water form this dam will be utilized for two thermal power plants coming up in the region."

The project envisages construction of a concrete gravity dam and 8.475 km long tunnel for irrigation and water supply purpose involving civil, hydro-mechanical and electrical works on EPC basis. A 21 km long access road will be also constructed to the project site. The project is to be completed in 48 months.

The project is located approximately 375 kms from Jaipur and is part of Parwan Irrigation cum Drinking Water Supply Project on Parwan river. The Parwan river is a tributary of Kalisindh river, which is the main tributary of Chambal river.

HCC has extensive experience in execution of large scale multidisciplinary EPC contracts for some of the largest irrigation projects in the country. HCC has constructed Godavari Lift irrigation Phase I, Phase II and Phase III-one of the largest lift irrigation projects in Asia, the Vaitarna Dam-Mumbai's largest water source, Tirupur Water supply project in Tamil Nadu - India's first private sector water supply project and the country's largest water treatment plant at Bhandup in Mumbai.

Shares of the company declined Rs 0.45, or 1.02%, to trade at  Rs 43.60.  The total volume of shares traded  was  943,737 at the BSE (3.46 p.m., Monday).