HCC wins ₹1,662 Cr GMLR Phase IV Contract in JV
Hindustan Construction Company Limited (HCC) secured a ₹1,662.27 crore contract in a joint venture for the GMLR Phase IV project in Mumbai. HCC holds a 49% stake in the Aakshya-HCC Joint Venture.
The contract value of over ₹1,600 crore is substantial and will likely have a significant positive impact on the company's revenue and order book.
The company has won a significant new contract, which is a positive development for its business.
Hindustan Construction Company Limited (HCC) has secured a significant infrastructure contract valued at approximately ₹1,662.27 crore from the Brihanmumbai Municipal Corporation (BMC). The contract is 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 includes the construction of a second-level flyover (1,330 metres) and free-left movements at grade (3,200 metres and 2,620 metres respectively). Phase II involves a cloverleaf interchange (2,400 metres) and free-left bypasses at grade (3,600 metres), along with an obligatory cable-stayed span of 180 metres and ramps totaling 270 metres. This project is part of BMC's initiative to enhance east-west connectivity in Mumbai.
HCC, with nearly 100 years of engineering heritage, has a strong track record in executing landmark infrastructure projects across transportation, power, and water sectors in India.
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Hindustan Construction Company Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Construction Company Limited. Read the original for the full detail.