Hindustan Construction Company (HCC) announced that the company has been awarded a Rs 3 billion contract by Delhi Metro Rail Corporation (DMRC). This is the third contract for underground metro received by HCC since October 2012 under the phase Ill development of Delhi Metro aggregating Rs 15.39 billion.

This contract is for design and construction of 1.54 km long twin tunnel on Dwarka-Najafgarh metro corridor of phase Ill of Delhi Metro. The twin tunnels will be constructed using shield tunnel boring machine.

The contract also includes construction of one of the biggest underground station namely Municipal Corporation which is 290 meters long and 30 meters in width. The station will be built at depth of 18 meters. The construction work would be completed in 36 months.

On winning contract, Arun Karambeklar, president and whole time director, HCC said,' HCC has been undertaking challenging assignments in underground metro development and repeat order from DMRC reflects our ability to execute complex assignments. Last month HCC completed the 'up-line tunnel' of CC30 package well ahead of all peers working on phase III development.'  

Shares of the company declined Rs 0.75, or 3.99%, to settle at Rs 18.05. The total volume of shares traded was 1,012,400 at the BSE (Wednesday).