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
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..
