HCC Secures ₹1,662 Crore GMLR Phase IV Contract Through Joint Venture with Aakshya
Hindustan Construction Company Limited has been awarded a ₹1,662.27 crore contract by Brihanmumbai Municipal Corporation for the Goregaon–Mulund Link Road Phase IV project through the Aakshya-HCC Joint Venture. The comprehensive infrastructure project includes construction of flyovers, interchanges, and road components spanning multiple phases, featuring advanced engineering elements like cable-stayed spans and cloverleaf interchanges to enhance Mumbai's east-west connectivity.

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Hindustan Construction Company Limited has secured a significant infrastructure contract valued at ₹1,662.27 crore from the Brihanmumbai Municipal Corporation for the construction of Goregaon–Mulund Link Road Phase IV project. The contract was awarded on March 19, 2026, through the Aakshya-HCC Joint Venture, where HCC holds a 49% stake.
Joint Venture Partnership Details
The project will be executed through a strategic partnership with Aakshya, forming the Aakshya-HCC Joint Venture. This collaboration enables the company to leverage combined expertise and resources for delivering this major infrastructure initiative in Mumbai's transportation network.
| Parameter: | Details |
|---|---|
| Contract Value: | ₹1,662.27 crore |
| Joint Venture Partner: | Aakshya |
| HCC Stake: | 49% |
| Awarding Authority: | Brihanmumbai Municipal Corporation |
| Project: | GMLR Phase IV |
Comprehensive Project Scope
The GMLR Phase IV project encompasses extensive infrastructure development across two distinct phases. Phase I includes construction of a second-level flyover spanning 1,330 metres and free-left movements at grade. The at-grade road construction extends to 3,200 metres, while free-left at-grade components cover 2,620 metres.
Phase II involves more complex infrastructure elements, including construction of a cloverleaf interchange and free-left bypasses at grade. The cloverleaf loop and interchange will span 2,400 metres, with free-left bypasses extending 3,600 metres at grade level.
Technical Infrastructure Components
The project features advanced engineering elements designed to enhance Mumbai's east-west connectivity. Key technical specifications include an obligatory cable-stayed span of 180 metres and connecting ramps totaling 270 metres in length.
| Phase: | Infrastructure Component | Length/Specifications |
|---|---|---|
| Phase I: | Second-level flyover | 1,330 metres |
| Phase I: | At-grade road | 3,200 metres |
| Phase I: | Free-left at-grade | 2,620 metres |
| Phase II: | Cloverleaf interchange | 2,400 metres |
| Phase II: | Free-left bypasses | 3,600 metres |
| Special Feature: | Cable-stayed span | 180 metres |
| Connectivity: | Ramps | 270 metres |
Strategic Impact on Mumbai's Infrastructure
This contract represents a substantial addition to HCC's project portfolio, reinforcing the company's position in India's infrastructure development sector. The Goregaon–Mulund Link Road corridor development by BMC aims to significantly improve east-west connectivity in Mumbai, addressing critical transportation infrastructure needs in the metropolitan area.
With nearly 100 years of engineering heritage, HCC has established itself as a key player in India's infrastructure landscape, having executed major projects including 26% of India's hydro power generation capacity and 60% of nuclear power generation facilities.
Historical Stock Returns for Hindustan Construction Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.54% | +14.29% | +13.77% | -24.69% | -14.60% | +168.70% |
How will this major contract impact HCC's revenue growth and order book strength for the next 2-3 years?
What are the potential risks and challenges that could affect the project timeline and profitability given Mumbai's complex urban environment?
Could this successful partnership with Aakshya lead to more joint venture opportunities for HCC in future infrastructure projects?


































