HCC-TPL JV wins Rs. 2,191 Cr contract for Indore Metro

Hindustan Construction Company Limited (HCC), in partnership with Tata Projects Limited (TPL), has won a Rs. 2,191 crore contract for construction of a 8.65 km long corridor including underground tunnels and stations for Madhya Pradesh Metro Rail Corporation Limited (MPMRCL). HCC holds a 55% share in the joint venture, amounting to Rs. 1,205 crore.

The Package IN-05R is the first and only underground segment of the 31.32 km Indore Metro Phase 1 project. The package includes the construction of 11.32 km long tunnel by TBM and seven underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport, connecting a ramp east of Indore Railway Station to a ramp west of Airport Station.

Currently, HCC is engaged in Mumbai Metro Line III, constructing 4 km of twin tunnels and four stations, along with two Chennai Metro packages. The company has made a significant contribution to India's metro expansion plan having constructed of a material portion of Delhi Metro, Bangalore Metro, Mumbai Metro Line I and Kolkata Metro.

Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 22.61 as compared to the previous close of Rs. 23.08. The total number of shares traded during the day was 2198342 in over 4752 trades.

The stock hit an intraday high of Rs. 23.53 and intraday low of 22.50. The net turnover during the day was Rs. 50465458.00.

Source : Equity Bulls

Keywords

HindustanConstructionCompany INE549A01026 HCC TataProjects Partnership OrderWin Contract IndoreMetro