Hindustan Construction Company (HCC) in joint venture with VCCL has been awarded Rs 3.67 billion contract by the Northeast Frontier Railway to construct a safety tunnel between Tupul and Imphal in Manipur state. This is part of the new railway line project being constructed between Jiribam and Imphal of northeast frontier railway. The project is to be completed in 4 years.
The scope of the project includes construction of 9.5 km long safety tunnel between Tupul and Imphal. This tunnel runs parallel to the main broad gauge single line tunnel (T-12) which is also being constructed by the HCC-VCCL joint venture.
This is the 5th order HCC received from northeast frontier railway on the new railway line project being constructed between Jiribam and Imphal The 110.63 km long Jinbam-Imphal railway line is being constructed in two phases The 84 km long first phase between Jiribam and Tupul has 34 tunnel measuring 39.4 km of which HCC is involved in 41% of this tunnelling work which include the biggest 4 tunnels, totally measuring 16.15 km. The second phase covers 26 km of the Tupul-Imphal section. Once the project is completed. Manipur will have full-fledged railway connectivity with the rest of the country.
Shares of the company gained Rs 1.8, or 5.33%, to trade at Rs 35.60. The total volume of shares traded was 1,781,905 at the BSE (1.43 p.m., Friday).