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 |
|---|---|---|---|---|---|
| -3.19% | -5.13% | -20.68% | -37.32% | -24.02% | +137.46% |






























