Chennai Metro Rail Limited awards contract to HCC-KEC
Hindustan Construction Company (HCC) in a joint venture with KEC International Limited (KEC) has been awarded a contract worth Rs 1,147 crore by Chennai Metro Rail Limited (CMRL).
The contract is for the construction of a 7.95 km elevated viaduct section and nine elevated stations on Corridor 4 of phase II of Chennai Metro. As per the press release, the nine elevated stations include Chennai Bypass Crossing, Rarriacharidra Hospital, Iyyappanthangal Bus Depot, Katupakkam, Kumanan Chavadi, Karayanchavadi, Mullai Thottam, Poonamallee Bus Terminus, Poonamallee Bypass.
HCC’s shares in the joint venture are around 51 per cent, amounting to Rs 585 crore. The scope of the work includes civil works, architectural works, plumbing & drainage, and temporary services as per the client's drawings and is expected to be completed in 36 months.
Currently, HCC is involved in project works of Mumbai Metro Line III, Delhi metro, Pune Metro, and Bangalore Metro Rail Project.
Hindustan Construction Company Limited is engaged in engineering and construction activities. The company provides engineering & construction services for projects across sectors, such as power, transportation, water, and industrial projects.
At 2.14 pm on Friday, the stock of HCC was trading at Rs 8.64, up by 3.72 per cent or Rs 0.31 per share. The 52-week high is Rs 10.87 while its 52-week low is Rs 4.20 on BSE.