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HCC JV wins order for Pune Metro

Tanay Loya
/ Categories: Mindshare, Markets
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HCC JV wins order for Pune Metro

Hindustan Construction Company (HCC) on Monday announced that its joint venture firm AL FARA'A has won a contract worth Rs. 484 crore for the Pune Metro project from Maharashtra Metro Rail Corporation.

The contract comprises construction of eight elevated stations on line II (E-W corridor) of the Pune metro rail project. The work involves general and structural civil works of the station buildings and architectural and site development. The 14.66 km long elevated Line II of Pune Metro has 16 stations out of which eight will be built by HCC. The project is to be completed in 36 months.

The company had earlier received a Rs. 497 crore order for Pune Metro for the construction of nine elevated metro stations on 32-km long Line I. HCC, with a share of 51 per cent, is a lead partner in the joint venture with AL FARA'A.

At 12:01 hours, HCC was trading at a share price of Rs. 43.40 per share, up Rs 1.45 or 3.46 per cent on the NSE. The scrip opened at Rs. 42.10 and attracted a traded volume of 1,31,78,466 shares on NSE.

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