Hindustan Construction Company shares are likely to remain in focus after the company announced that it has secured a major infrastructure contract worth approximately Rs 1,662 crore from the Brihanmumbai Municipal Corporation (BMC).
According to the press release dated March 19, the project has been awarded to the Aakshya-HCC joint venture, in which HCC holds a 49% stake.
The contract pertains to the construction of Goregaon-Mulund Link Road (GMLR) Phase IV, a key infrastructure project aimed at improving east-west connectivity in Mumbai. The scope of work includes development of a second-level flyover, cloverleaf interchange, free-left bypasses, and a cable-stayed span.
As detailed in the filing on page 2, the project involves construction of a 1,330-metre flyover, 3,200 metres of at-grade road, and multiple interchange structures, including a 180-metre cable-stayed section.
The project forms part of Mumbai's broader infrastructure expansion plan and is expected to enhance connectivity between Goregaon and Mulund.
HCC stated that the contract strengthens its presence in the transportation infrastructure segment, where it continues to execute large-scale engineering projects across highways, tunnels, and bridges.
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