HCC jumps over 4% after JV wins Pune Metro Rail Project

NEW DELHI: Shares of Hindustan Construction Company (HCC) jumped over 4 per cent in early trade on Monday after the company in the joint venture with AL FARA’A has been awarded Rs 484 crore contract by the Maharashtra Metro Rail Corporation for Pune Metro Rail Project. HCC’s share in the JV is 51 per cent (Rs 247 crore).

The contract is for construction of eight elevated metro rail stations viz Vanaz, Anand Nagar, Ideal Colony, Nal Stop, Garware College, Deccan, Sambhaji Park & PMC on Line II (E-W Corridor) of Pune Metro Rail Project. The work involves general and structural civil works of the station buildings and architectural & site development. The 14.66 km long Line II of Pune Metro is totally elevated and has 16 stations out of which 8 are being built by HCC.

This is the second order HCC got from Maharashtra Metro Rail Corporation for Pune Metro Rail Project. The earlier order is to construct nine elevated stations on Line I.


The scrip was trading 3.70 per cent up at Rs 43.45 at around 10.15 am (IST). Shares of the company opened at Rs 42.05 and touched a high and low of Rs 44 and Rs 42.05, respectively, eventually closing at Rs 43.30, up 3.34 per cent.