Infra stock jumps 3% after JV receives order worth ₹2,191 Cr for Indore MetroInfra stock jumps 3% after JV receives order worth ₹2,191 Cr for Indore Metro

Introduction:

Infra stock has secured a ₹2,191 crore contract for Indore Metro’s underground corridor, holding a 55% stake worth ₹1,205 crore. This 8.65 km project includes tunnels and seven stations, reinforcing its presence in India’s metro infrastructure sector with ongoing major projects.

Share Price movement of Hindustan Construction Company:

On March 17, 2025, Hindustan Construction Company Limited opened at ₹22.80, reaching a high of ₹23.95, up 2.34% from its previous close of ₹22.62, with a low of ₹22.80. The stock is currently trading at ₹23.15, with a market cap of ₹4,211.87 crore.

Hindustan Construction Company received order:

Hindustan Construction Company (HCC), in partnership with Tata Projects Limited (TPL), has secured a ₹2,191 crore contract for Indore Metro’s underground corridor. HCC holds a 55% stake worth ₹1,205 crore. This 8.65 km project includes underground tunnels and seven stations for Madhya Pradesh Metro Rail Corporation.  

The project, Package IN-05R, is Indore Metro Phase 1’s only underground section, involving 11.32 km of tunnels using tunnel boring machines. Key stations include Indore Railway Station, Rajwada, Chota Ganpati, and Airport, connecting two ramps between Indore Railway Station and Airport Station.  

HCC continues strengthening its metro infrastructure portfolio, actively working on Mumbai Metro Line III and Chennai Metro projects. With experience in constructing sections of Delhi, Bangalore, Mumbai, and Kolkata metros, the company remains a crucial contributor to India’s metro network expansion.

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Recent news About Hindustan Construction Company:

Hindustan Construction Company (HCC) reported a consolidated loss of ₹38.92 crore for the Dec 2024 quarter, primarily due to changes in the tax regime. Additionally, the company announced the completion of the amalgamation of its subsidiary companies on Feb 26, 2025.

Stock performance of Hindustan Construction Company for Period of 1 week, 6 months and 1 year:

Hindustan Construction Company’s stock declined by 5.47% over the past week, reflecting short-term weakness. Over six months, it witnessed a sharp drop of 48.2%, indicating significant volatility. The stock has fallen 35.0% in the past year, highlighting extended bearish trends in its performance.

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Shareholding pattern of Hindustan Construction Company:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	16.72	18.59	18.59
FII	13.34	9.73	9.63
DII	7.5	5.97	6.58
Retail & others	62.43	65.69	65.2

About Hindustan Construction Company:

Hindustan Construction Company is a leading infrastructure firm specializing in transportation, hydroelectric, and urban development projects. With expertise in metro, highways, and tunneling, it plays a key role in India’s infrastructure growth, executing large-scale projects across various sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.