SYNOPSIS: This engineering and construction of infrastructure projects company wins Rs. 1,662 crores BMC GMLR Phase IV project via JV, involving flyovers, interchanges, and a cable-stayed bridge, strengthening Mumbai’s east-west connectivity infrastructure.
During Thursday’s trading session, shares of a company involved in the engineering and construction of infrastructure projects are in focus on the stock exchanges, after the JV secured an order worth around Rs. 1,662 crores from the Brihanmumbai Municipal Corporation (BMC).
With a market cap of Rs. 4,073 crores, shares of Hindustan Construction Company Limited are currently trading at Rs. 15.55 on BSE, compared to its previous closing price of Rs. 15.66. The stock has delivered negative returns of around 27 percent in the last one year, and has fallen by about 18 percent in one month.
News
According to the latest disclosures with the stock exchanges, Hindustan Construction Company Limited (HCC) has secured a significant infrastructure contract worth around 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 percent stake.
The scope of work under the contract includes the construction of a second-level flyover and free-left movements at grade in Phase I. The flyover will span 1,330 metres, while the associated at-grade road stretches 3,200 metres, with additional free-left stretches measuring 2,620 metres.
Phase II involves the 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 at grade 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 GMLR corridor is a key infrastructure initiative undertaken by BMC to enhance east-west connectivity across Mumbai, aimed at easing congestion and improving traffic flow between the city’s suburbs.
Financials
HCC reported a marginal decline in consolidated revenue from operations of more than 8 percent, from Rs. 1,006.8 crores in Q3 FY25 to Rs. 925.3 crores in Q3 FY26. Meanwhile, it reported a significant turnaround to a net profit of Rs. 8.07 crores from a loss of Rs. 39 crores.
As of Q3 FY26, the company reported a diversified and robust order book with a total backlog of Rs. 13,148 crore. The majority of the order book is driven by the Transport segment, which accounts for 65 percent of the total. This is followed by the Hydro segment contributing 19 percent, while the Water segment makes up 12 percent. The remaining 4 percent comes from the Nuclear & Buildings segment.
Ace investor Mukul Mahavir Agrawal holds a 1.68 percent stake (4.4 crore equity shares) in HCC, as per the latest December 2025 (Q3) BSE shareholding disclosure.
The core business of Hindustan Construction Company (HCC) Limited centres on providing Engineering and Construction (E&C) services for large-scale infrastructure projects across key sectors, including power (hydro, nuclear), transportation (roads, bridges, metros, and ports), water (irrigation and water supply), and industrial infrastructure.
Its contribution to India’s infrastructure development involves projects accounting for around 26 percent of the country’s hydropower capacity, 60 percent of nuclear power generation capacity, over 4,036 lane km of expressways and highways, more than 402 km of complex tunnelling, and 403 bridges.
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