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Hindustan Construction Company's joint venture firm has bagged a contract worth Rs 497 crore for Pune Metro. The contract is for the construction of nine elevated metro stations. The total length of Pune Metro-phase 1 is 32 km.
“Hindustan Construction Company, a lead partner in the joint venture with AL FARA’A, has been awarded Rs 497.09 crore contract by the Maharashtra Metro Rail Corporation Ltd for Pune Metro Rail Project,” HCC said in a BSE filing today.
HCC’s share in the joint venture is 51 per cent (Rs 253.5 crore). The project is to be completed in 110 weeks.
HCC stock was trading 3.30 per cent lower at Rs 38.10 apiece on BSE in the morning trade.
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