Infrastructure major, Hindustan Construction Company (HCC), as a lead partner in the joint venture with AL FARA'A, has been awarded Rs 4.84 billion contract by the Maharashtra Metro Rail Corporation for Pune Metro Rail Project. HCC's share in the JV is 51% (Rs 2.47 billion).

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 has received from Maharashtra Metro Rail Corporation for Pune Metro Rail Project. The earlier order is to construct nine elevated stations on Line I.

"We are honored to receive this second order from MMRCL. HCC has been undertaking challenging assignments in metro development and repeat order from MMRCL reflects our ability to execute complex assignments, said Arun Karambelkar, president & CEO, E&C, HCC.

HCC has been associated with 6 packages of Delhi Metro totaling 18.14 km of tunnels and 13 underground stations. In Kolkata Metro, FICC has constructed 6.47 km tunnels in 6 packages that include 4 underground stations. In Mumbai Metro I, the company has built 6 elevated stations. Currently, HCC is executing a section of Mumbai Metro Line III, involving 3,115 m long twin bored tunnels including 4 underground stations and a section of Bangalore Metro Rail Project involving 6,340 m long elevated corridor including a road-cum-rail flyover and 5 metro stations.

Shares of the company gained Rs 1.5, or 3.58%, to trade at Rs 43.40. The total volume of shares traded was 1,594,729 at the BSE (12.06 p.m., Monday).