HCC-KEC joint venture wins contract worth Rs1,147cr from Chennai Metro Rail

Under the JV, HCC holds about 51% which is Rs585cr in the total contract.

May 14, 2021 11:05 IST India Infoline News Service

Hindustan Construction Company Ltd. (HCC) in a joint venture with KEC International has won a contract worth Rs1,147cr from Chennai Metro Rail Limited for the construction of a 7.95 km elevated viaduct section and nine elevated stations on Corridor 4 of phase II of the Chennai Metro.

Under the JV, HCC holds about 51% which is Rs585cr in the total contract. The remaining stake and amount are of KEC International.

As per the regulatory filing, the scope of work involves civil works, architectural works, plumbing & drainage and temporary services as per the client's drawings. The nine elevated stations include Chennai Bypass Crossing, Rarriacharidra Hospital, lyyaparithangal Bus Depot, Katupakkam, Kumanan Chavadi, Karayan Chavadi, Mullai Thottam, Poonamallee Bus Terminus, Poonamallee Bypass. The work is to be completed in 36 months.

At present, HCC is executing a section of Mumbai Metro Line Ill, involving 3,115 m long twin bored tunnels including 4 underground stations; a section of Delhi metro involving, 4051 m underground twin tunnels and an underground station; two contracts for Pune Metro involving 17 elevated stations and a section of Bangalore Metro Rail Project involving 6,340m long elevated corridor including a road-cum-rail flyover and 5 metro stations.

At around 11.37 am, HCC is trading at Rs8.70 per piece up by 4.4% on Sensex. 

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