HCC wins Rs. 1,662 Cr GMLR Phase IV Contract in JV

Hindustan Construction Company Limited (HCC) secured a significant infrastructure contract valued at approximately Rs. 1,662.27 crore from the Brihanmumbai Municipal Corporation (BMC), for the construction of Goregaon-Mulund Link Road (GMLR) Phase IV. The project has been awarded to the Aakshya-HCC Joint Venture, in which HCC holds a 49% stake.

The scope of work under the contract includes construction of a second-level flyover and free-left movements at grade in Phase I. The total length of the flyover is 1,330 metres, while the at-grade road length is 3,200 metres and the free-left at-grade length is 2,620 metres.

Phase II involves construction of a cloverleaf interchange and free-left bypasses at grade, with a total cloverleaf loop and interchange length of 2,400 metres and free-left bypasses atgrade extending to 3,600 metres. The scope also includes an obligatory cable-stayed span of 180 metres and ramps with a total length of 270 metres.

The project is part of the Goregaon-Mulund Link Road corridor being developed by BMC to improve east-west connectivity in Mumbai.

Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 15.66 as compared to the previous close of Rs. 15.18. The total number of shares traded during the day was 2643982 in over 2058 trades.

The stock hit an intraday high of Rs. 15.86 and intraday low of 15.31. The net turnover during the day was Rs. 41555470.00.

Source : Equity Bulls

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HindustanConstructionCompany INE549A01026 HCC OrderWin