Metro Project Award Analyzed

H.G. Infra Engineering and Kalpataru Projects International have won a significant contract to build a new part of the Thane Metro in Maharashtra. This project, awarded by the Maharashtra Metro Rail Corporation (MMRCL), will add 20.527 kilometers of elevated tracks. It’s a big deal for both companies and could impact the city’s transportation.

Key Points

• JV won contract for Thane Metro project with MMRCL.
• Project builds 20.527 km elevated metro tracks in Thane.
• Cost is Rs 1,424 crore; JV bid Rs 1,415 crore.
• HG Infra holds 40% stake, Kalpataru 60% of the project.
• Work is an EPC contract, meaning full responsibility.
• Shares of both companies saw slight positive movement.

Project Details

The specific task is to construct a section of the Thane Metro, focusing on an elevated track network. This network stretches 20.527 kilometers, linking the underground ramp with Balkum Naka and including a depot approach viaduct, along with three special spans beneath the Thane Integral Ring Metro Project. The overall investment is estimated at Rs 1,424 crore.

The construction will be handled under an Engineering, Procurement, and Construction (EPC) agreement. EPC means that H.G. Infra Engineering and Kalpataru Projects International will be completely responsible for the design, building, and upkeep of the metro section.

Kalpataru Projects International is a well-known company that specializes in building large infrastructure projects – think power lines, roads, buildings, and even water systems. H.G. Infra Engineering is specifically focused on road infrastructure projects here in India.

Following the announcement, the stock price of H.G. Infra Engineering increased by 0.05% to close at Rs 863.90, while Kalpataru Projects International gained 0.34% to end at Rs 1,228 on the BSE (Bombay Stock Exchange).

“Successful completion of this metro project will significantly improve transportation options in Thane.”