Shares of Hindustan Construction Company Ltd (HCC) surged nearly 3% after the company, in a joint venture (JV) with Tata Projects Limited (TPL), secured a ₹2,191 crore contract for constructing an 8.65 km underground corridor for the Indore Metro project. HCC holds a 55% stake in the JV, equating to approximately ₹1,205 crore.
Key Details of the Contract
- The project, Package IN-05R, is the only underground segment of the 31.32 km-long Indore Metro Phase 1.
- The contract involves:
- 11.32 km of tunnel construction using Tunnel Boring Machines (TBM).
- Development of seven underground metro stations at:
- Indore Railway Station
- Rajwada
- Chota Ganpati
- Bada Ganpati
- Ramchandra Nagar
- BSF/Kalani Nagar
- Airport
- The corridor will stretch from a ramp east of Indore Railway Station to a ramp west of Airport Station.
HCC’s Expertise in Metro and Infrastructure Projects
Currently, HCC is actively engaged in major metro infrastructure projects, including:
- Mumbai Metro Line III (constructing 4 km of twin tunnels and four stations).
- Multiple Chennai Metro packages.
- Previous contributions to Delhi Metro, Bangalore Metro, Mumbai Metro Line 1, and Kolkata Metro.
With nearly a century of engineering excellence, HCC has contributed significantly to India’s infrastructure development:
- Constructed 26% of India’s hydropower generation capacity.
- Built 60% of the country’s nuclear power capacity.
- Developed over 4,036 lane km of expressways and highways.
- Executed more than 402 km of complex tunnels and 403 bridges.
This landmark contract strengthens HCC’s leadership in India’s urban infrastructure and metro rail development sectors.
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