Hindustan Construction, Alstom jointly bag Rs.18 bn project

"This is an engineering, procurement and construction contract wherein HCC's share is Rs.701 crore," the company said in a regulatory filing. The project for the Tehri Hydro Development Corporation India Ltd is to be completed in 54 months.

Under the project, the company has to construct head race tunnel, surge shaft, penstocks, underground powerhouse, ventilation system gallery, bus bar gallery and cavern, drainage gallery, access adits and tail race tunnel.

The Tehri pump storage project (PSP) comprises of four reversible pump turbine units of 250 MW each. The operation of Tehri PSP is based on the concept of recycling of water discharged between upper reservoir and lower reservoir.

The Tehri Dam reservoir will function as the upper reservoir and Koteshwar reservoir as the lower balancing reservoir.

At the Bombay Stock Exchange, the shares of the company were up 2.20 percent to trade at Rs.30.25.