|Hindustan Construction Company (HCC) on Friday said its joint venture firm has bagged a contract worth Rs. 497 crore for Pune Metro.|
The contract is for construction of nine elevated metro stations. The total length of Pune Metro-phase 1 is 32 km.
"Hindustan Construction Company, a lead partner in the joint venture with AL FARA'A, has been awarded Rs. 497.09 crore contract by the Maharashtra Metro Rail Corporation Ltd. for Pune Metro Rail Project," HCC said in a BSE filing.
HCC's share in the JV is 51 per cent (Rs. 253.5 crore). The project is to be completed in 110 weeks.
HCC stock was trading 3.30 per cent lower at Rs. 38.10 apiece on BSE in morning trade today.