India, March 17 -- Hindustan Construction Company Ltd. (HCC) and Tata Projects Ltd. (TPL) have jointly secured a Rs 2,191 crore contract for the construction of an 8.65 km underground corridor for the Indore Metro Phase 1 project. HCC holds a 55% share in the joint venture, valued at approximately Rs 1,205 crore.
The awarded Package IN-05R is the only underground segment of the 31.32 km Indore Metro Phase 1. The scope includes 11.32 km of tunneling using Tunnel Boring Machines (TBM) and the construction of seven underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport, connecting ramps east of Indore Railway Station to west of Airport Station.
HCC is currently in...