HG Infra-Kalpataru JV secures ₹1,415 crore Thane Metro project
pre-market1 source ↓written by the desknot a recommendation
- bid from Maharashtra
- ₹1,415 crore
- elevated metro viaduct
- 20.527 km
- cost estimated
- ₹1,424 crore
HG Infra Engineering Ltd and Kalpataru Projects International Ltd have won a ₹1,415 crore bid from Maharashtra Metro Rail Corporation for the Thane Metro viaduct project. The JV will design and construct a 20.527 km elevated metro viaduct, enhancing infrastructure in the region. This win may boost investor sentiment in the construction sector.
• HG Infra holds 40% stake
• Kalpataru holds 60% stake
• Project cost estimated at ₹1,424 crore
Not investment advice. For informational purposes only.