HCC Joint Venture Bags a contract worth Rs. 797 crore from Bangalore Metro

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Hindustan Construction Company (HCC) today said its joint venture firm has bagged a contract worth Rs. 797 crore from Bangalore Metro Rail Corporation.

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“Hindustan Construction Company, a lead partner in the joint venture with URC Construction, has been granted Rs. 797.29 crore contract by the Bangalore Metro Rail Corporation Ltd,” HCC said in a BSE filing.

The contract is for construction of 6.340 km long elevated corridor and five elevated between HSR Layout station and RV Road Station.

HCC’s share in the JV is 51% (Rs. 406.61 crore). The venture is to be finished in 36 months.

HCC stock was exchanging 3.72% higher at Rs. 40.45 on the BSE.

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