Hindustan Construction Company-Tata Projects JV Secures ₹2,191 Crore Indore Metro Contract

On March 17, 2025, Hindustan Construction Company Limited (HCC), in partnership with Tata Projects Limited (TPL), has secured a ₹2,191 crore contract from the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) for the Indore Metro project. HCC holds a 55% share in the joint venture, valued at approximately ₹1,205 crore.

Scope of the Project

This contract, known as Package IN-05R, covers the construction of an 8.65 km-long underground metro corridor, forming the only underground segment of Indore Metro Phase 1 (31.32 km). The package includes:

• 11.32 km of tunnels built using Tunnel Boring Machines (TBM)
• 7 underground metro stations at key locations:
  • Indore Railway Station
  • Rajwada
  • Chota Ganpati
  • Bada Ganpati
  • Ramchandra Nagar
  • BSF/Kalani Nagar
  • Airport

The project will link the eastern ramp near Indore Railway Station to the western ramp at Airport Station.

HCC’s Experience in Metro Projects

HCC is already involved in major metro projects, including:

• Mumbai Metro Line III (4 km twin tunnels and 4 stations)
• 2 packages for Chennai Metro
• Significant contributions to Delhi, Bangalore, Mumbai (Line I), and Kolkata Metro networks

About Hindustan Construction Company (HCC)

HCC is a leading infrastructure company with nearly 100 years of experience. The company has played a key role in India’s infrastructure development, having:

• Built 26% of India’s hydroelectric power capacity
• Constructed 60% of India’s nuclear power capacity
• Developed 4,036 lane km of highways and expressways
• Completed 402 km of tunneling and 403 bridges

HCC remains committed to developing India’s transportation, power, and water infrastructure, continuing its legacy of engineering excellence.

As of March 17, 2025, at 10:09 AM IST, Hindustan Construction Company share price  (NSE: HCC) is trading at ₹23.37, up ₹0.75 (3.32%) for the day. The stock opened at ₹22.80, reached a high of ₹23.95, and a low of ₹22.80. The company’s market capitalisation stands at ₹4,250 crore, with a P/E ratio of 11.58. Its 52-week high is ₹57.50, while the 52-week low is ₹21.97.

Conclusion

With this contract, HCC strengthens its leadership in metro construction, furthering India’s urban infrastructure growth while enhancing Indore’s transit network.

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