Rs 2,191 Crore Win! Construction JV Secures Mega Metro Contract for Underground Corridor

JV to Build 8.65 km Underground Corridor with 7 Stations for Indore Metro Project

Hindustan Construction Company Limited (HCC), in a joint venture with Tata Projects Limited (TPL), has won a Rs 2,191 crore contract for the Indore Metro. HCC holds a 55 per cent share, amounting to Rs 1,205 crore. The project involves constructing an 8.65 km corridor, including underground tunnels and seven stations for Madhya Pradesh Metro Rail Corporation Limited (MPMRCL).

Scope of Work
The awarded package (IN-05R) is the only underground segment of the 31.32 km Indore Metro Phase 1. It includes 11.32 km of tunneling using Tunnel Boring Machines (TBM) and seven underground stations. The corridor will connect Indore Railway Station to Airport Station.

HCC’s Metro Experience
HCC is actively involved in metro projects across India, including Mumbai Metro Line III and two packages of Chennai Metro. The company has played a key role in constructing parts of Delhi Metro, Bangalore Metro, Mumbai Metro Line I, and Kolkata Metro.

Financial and Operational Highlights
As of Q3 FY25, HCC reported a stand-alone turnover of Rs 1,002 crore. The company’s current order backlog is Rs 9,773 crore, with the transport sector contributing 47 per cent. HCC is also the lowest bidder (L1) for projects worth Rs 3,513 crore and has submitted bids for projects totaling Rs 17,679 crore.

Future Outlook
HCC aims to reduce net debt by 15 per cent annually while focusing on core Indian operations. The company remains optimistic about securing more large-scale projects, particularly in the nuclear and infrastructure sectors.

Disclaimer: The article is for informational purposes only and not investment advice.