HCC-TPL JV Secures Indore Metro鈥檚 Underground Package IN-05R
24 Feb 2025
2 Min Read
CW Team
"Madhya Pradesh Metro Rail Corporation Ltd (MPMRCL) has announced Hindustan Construction Co. Ltd. 鈥� Tata Projects Ltd. (HCC 鈥� TPL Indore Metro JV) as the lowest bidder for Package IN-05R, the first and only underground section of Indore Metro Phase 1鈥檚 Yellow Line.
Originally, MPMRCL invited bids for Package IN-05 in February 2024 but later cancelled the tender and reissued it as Package IN-05R, with an estimated cost of 鈧�2,550 crore and a four-year completion timeline. When technical bids were opened in November 2024, six firms had submitted their proposals. However, Afcons-Sam India JV and ITD Cementation India were disqualified due to non-compliance with the tender conditions.
Following the evaluation of financial bids, HCC-TPL JV emerged as the lowest bidder, offering 鈧�2,190.91 crore, which is 14.08% lower than MPMRCL鈥檚 estimate. Other bidders included Larsen & Toubro Ltd. (鈧�2,268 crore), J Kumar Infraprojects Ltd. (鈧�2,690 crore), and Gulermak Agir Sanayi Insaat Ve Taahhut A.S. (鈧�2,832.06 crore).
The 8.626 km underground section of Package IN-05R will connect a ramp east of Indore Railway Station to a ramp west of Devi Ahilya Bai Holkar Airport, featuring twin tunnels and seven underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and the Airport. The project scope includes the design and construction of twin tunnels using Shield TBMs, cut-and-cover sections, cross-passages, ramps, architectural finishes, plumbing, and drainage installations.
With HCC-TPL JV鈥檚 bid significantly below MPMRCL鈥檚 estimate, the contract is expected to be awarded in the coming weeks, accelerating progress on Indore鈥檚 metro expansion and reinforcing its role in enhancing urban mobility and connectivity."
Madhya Pradesh Metro Rail Corporation Ltd (MPMRCL) has announced Hindustan Construction Co. Ltd. 鈥� Tata Projects Ltd. (HCC 鈥� TPL Indore Metro JV) as the lowest bidder for Package IN-05R, the first and only underground section of Indore Metro Phase 1鈥檚 Yellow Line.Originally, MPMRCL invited bids for Package IN-05 in February 2024 but later cancelled the tender and reissued it as Package IN-05R, with an estimated cost of 鈧�2,550 crore and a four-year completion timeline. When technical bids were opened in November 2024, six firms had submitted their proposals. However, Afcons-Sam India JV and ITD Cementation India were disqualified due to non-compliance with the tender conditions.Following the evaluation of financial bids, HCC-TPL JV emerged as the lowest bidder, offering 鈧�2,190.91 crore, which is 14.08% lower than MPMRCL鈥檚 estimate. Other bidders included Larsen & Toubro Ltd. (鈧�2,268 crore), J Kumar Infraprojects Ltd. (鈧�2,690 crore), and Gulermak Agir Sanayi Insaat Ve Taahhut A.S. (鈧�2,832.06 crore).The 8.626 km underground section of Package IN-05R will connect a ramp east of Indore Railway Station to a ramp west of Devi Ahilya Bai Holkar Airport, featuring twin tunnels and seven underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and the Airport. The project scope includes the design and construction of twin tunnels using Shield TBMs, cut-and-cover sections, cross-passages, ramps, architectural finishes, plumbing, and drainage installations.With HCC-TPL JV鈥檚 bid significantly below MPMRCL鈥檚 estimate, the contract is expected to be awarded in the coming weeks, accelerating progress on Indore鈥檚 metro expansion and reinforcing its role in enhancing urban mobility and connectivity.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
