March 18, 2025
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HCC & Tata Projects JV wins order of Rs 2191 crore
Shares of Hindustan Construction Company (HCC) rose nearly 4% after the company announced that its joint venture with Tata Projects has secured a Rs 2,191 crore order for the Indore Metro project.
HCC, holding a 55% stake in the joint venture, stated that the project involves the construction of an 8.65 km-long corridor, including underground tunnels and stations for Madhya Pradesh Metro Rail Corporation Limited (MPMRCL).
The Package IN-05R is the sole underground segment of the 31.32 km Phase 1 of the Indore Metro project. It includes the construction of an 11.32 km tunnel using a Tunnel Boring Machine (TBM) and seven underground stations: Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport. This segment will connect a ramp east of Indore Railway Station to a ramp west of Airport Station.
HCC continues to play a key role in India’s urban transit infrastructure, with significant projects including a 4 km twin tunnel and four stations for Mumbai Metro Line III, as well as two major packages for Chennai Metro. The company has also contributed to the development of metro networks in Delhi, Bangalore, Mumbai, and Kolkata.
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