Hindustan Construction Company (HCC), one of the leading construction and civil engineering firm, has received a Letter of Intent from Lanco Infratech Ltd.

Under the deal, HCC would execute Lot-II, which involves all civil works of twin Head Race Tunnels of 16.5 kms including adit-II at Kalej Khola and adit-III for Teesta -VI Hydroelectric Project, Sikkim.

The contract, which is valued at Rs 360.05 crore, is scheduled to be completed in 45 calendar months from the date of Letter of Intent.

Last week, the company secured two new contracts aggregating to Rs 1688.28 crore from Government of Andhra Pradesh, Irrigation and CAD Department.

At 12:45 pm, HCC was trading at Rs 47, up 5% compared with its previous close of Rs 44.60. The scrip of company had hit 52-week high of Rs 278.9 on January 2, 2008 and 52-week low of Rs 40.80 on October 16, 2008.