Hindustan Construction Gains as JV Arm Secures Rs 21.91 Bn Contract
RAILWAYS & METRO RAIL

Hindustan Construction Gains as JV Arm Secures Rs 21.91 Bn Contract

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code