Hindustan Construction Gains as JV Arm Secures Rs 21.91 Bn Contract
18 Mar 2025
2 Min Read
CW Team
Hindustan Construction Company (HCC) recorded a 3.36 per cent increase in its share price, reaching Rs 23.37, following the announcement of a significant contract secured in collaboration with Tata Projects (TPL). The joint venture has been awarded a Rs 21.91 billion contract by the Madhya Pradesh Metro Rail Corporation (MPMRCL) for the Indore Metro project.
The contract involves the construction of an 8.65 km underground metro corridor, which includes tunnels and stations. Designated as Package IN-05R, this segment is the only underground portion of the 31.32 km Indore Metro Phase-1 project. The scope of work encompasses 11.32 km of tunnel construction using Tunnel Boring Machines (TBMs) and the development of seven underground stations. These stations include Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport. The corridor will extend from a ramp located east of Indore Railway Station to another ramp west of Airport Station.
HCC is currently engaged in multiple metro infrastructure projects, including the construction of 4 km of twin tunnels and four stations for Mumbai Metro Line III. Additionally, the company is executing two separate metro packages for the Chennai Metro.
As the flagship entity of Hindustan Construction Company Group (HCC Group), HCC specializes in engineering and infrastructure development across India. Its portfolio includes projects related to dams, tunnels, bridges, hydro, nuclear, and thermal power plants, as well as expressways, roads, marine works, water supply systems, irrigation infrastructure, and industrial buildings. The company continues to expand its footprint in large-scale construction and urban mobility projects nationwide.
News source: Business Standard
Image source: www.angelone.in
Hindustan Construction Company (HCC) recorded a 3.36 per cent increase in its share price, reaching Rs 23.37, following the announcement of a significant contract secured in collaboration with Tata Projects (TPL). The joint venture has been awarded a Rs 21.91 billion contract by the Madhya Pradesh Metro Rail Corporation (MPMRCL) for the Indore Metro project. The contract involves the construction of an 8.65 km underground metro corridor, which includes tunnels and stations. Designated as Package IN-05R, this segment is the only underground portion of the 31.32 km Indore Metro Phase-1 project. The scope of work encompasses 11.32 km of tunnel construction using Tunnel Boring Machines (TBMs) and the development of seven underground stations. These stations include Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport. The corridor will extend from a ramp located east of Indore Railway Station to another ramp west of Airport Station. HCC is currently engaged in multiple metro infrastructure projects, including the construction of 4 km of twin tunnels and four stations for Mumbai Metro Line III. Additionally, the company is executing two separate metro packages for the Chennai Metro. As the flagship entity of Hindustan Construction Company Group (HCC Group), HCC specializes in engineering and infrastructure development across India. Its portfolio includes projects related to dams, tunnels, bridges, hydro, nuclear, and thermal power plants, as well as expressways, roads, marine works, water supply systems, irrigation infrastructure, and industrial buildings. The company continues to expand its footprint in large-scale construction and urban mobility projects nationwide. News source: Business StandardImage source: www.angelone.in
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