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Hindustan Construction Co. Ltd. ( (IN:HCC) ) has shared an announcement.
Hindustan Construction Company Ltd. has secured an infrastructure contract worth about Rs 1,662 crore from the Brihanmumbai Municipal Corporation as part of the Goregaon-Mulund Link Road corridor to enhance east-west connectivity in Mumbai. Awarded to the Aakshya-HCC joint venture in which HCC holds a 49% stake, the project covers construction of a second-level flyover, extensive at-grade roads, a cloverleaf interchange, free-left bypasses and a cable-stayed span, reinforcing HCC’s role as a key player in complex urban transport infrastructure and potentially strengthening its order book and presence in Mumbai’s civic projects.
More about Hindustan Construction Co. Ltd.
Hindustan Construction Company Ltd. is an Indian infrastructure firm with nearly a century of engineering heritage, focused on developing and building large-scale transportation, power and water projects. The company has delivered a substantial share of India’s key assets, including 26% of its hydropower and 60% of its nuclear power generation capacity, along with thousands of lane kilometres of highways, extensive tunnelling and major bridges.
Average Trading Volume: 1,761,416
Technical Sentiment Signal: Sell
Current Market Cap: 41.02B INR
Learn more about HCC stock on TipRanks’ Stock Analysis page.