Home / Business and Economy / HG Infra JV Secures Major Thane Metro Project
HG Infra JV Secures Major Thane Metro Project
21 Nov
Summary
- HG Infra and Kalpataru Projects secured a ₹1,415 crore metro project.
- The project involves constructing a 20.5 km elevated metro viaduct in Thane.
- The construction is expected to be completed within 36 months.
A joint venture between HG Infra Engineering Ltd and Kalpataru Projects International Ltd has been awarded the L1 bid for a substantial metro project in Thane, valued at ₹1,415 crore. HG Infra holds a 40% stake, while Kalpataru holds 60% in this significant infrastructure development. The project is crucial for the Thane Integral Ring Metro Project.
The scope of work involves the design and construction of a 20.527 km elevated metro viaduct, starting from a UG ramp and extending to Balkum naka. It also includes the construction of a depot approach viaduct and three special spans. This project will be executed under the Engineering, Procurement, and Construction (EPC) model, highlighting a comprehensive approach to its development.
With a stipulated construction period of 36 months, this project represents a major step forward for metro connectivity in Thane. HG Infra Engineering recently reported its second-quarter financial results, showing a dip in net profit but maintaining a strong EBITDA margin, indicating continued operational efficiency amidst new project acquisitions.
