Hindustan Construction Company Limited (HCC) and Tata Projects Limited (TPL) have won a ₹2,191 crore contract to construct an 8.65 km underground corridor for the Indore Metro Rail project, according to a regulatory filing on March 17, 2025. HCC holds a 55 per cent stake in the joint venture, worth approximately ₹1,205 crore.
The shares of Hindustan Construction Company Limited (HCC) were trading at ₹23.12, up by ₹0.50 or 2.21 per cent on the NSE today at 12.05 pm.
The contract, designated as Package IN-05R, represents the only underground segment of the 31.32 km Indore Metro Phase 1 project. The scope includes building 11.32 km of tunnel using tunnel boring machines (TBM) and constructing seven underground stations: Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport.
The project will connect a ramp east of Indore Railway Station to a ramp west of Airport Station, providing crucial underground transportation infrastructure for Madhya Pradesh’s largest city.
HCC brings significant metro construction experience to the project, having previously worked on Mumbai Metro Line III, Chennai Metro, Delhi Metro, Bangalore Metro, Mumbai Metro Line I, and Kolkata Metro. The company has contributed to building over 4,036 lane km of highways and 403 bridges throughout its nearly 100-year engineering history.