Hindustan Construction Company Limited has informed the Exchange regarding a press release dated March 19, 2026, titled "HCC wins Rs. 1 ,662 Cr GMLR Phase IV Contract in JV".

Order above 5% of revenueGovernment or defence orderBusiness Updates View source PDF Explain this filing

HCC · price

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Price reactionminutes from the announcement price · days from the prior close

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₹15.65

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-2.8%-0.3% vs market

Civil Construction peers, median of 96sector-2.6%-0.4% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

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AI summary

HCC has secured an infrastructure contract worth approximately Rs. 1,662.27 crore from the Brihanmumbai Municipal Corporation (BMC) for the construction of Phase IV of the Goregaon-Mulund Link Road (GMLR) in Mumbai. The contract was awarded to the Aakshya-HCC Joint Venture, in which HCC holds a 49% stake, making HCC's effective share around Rs. 814 crore. The scope includes building a 1,330-metre second-level flyover, a cloverleaf interchange, a 180-metre cable-stayed span, at-grade roads, and ramps. The project aims to improve east-west connectivity in Mumbai and is part of BMC's larger GMLR corridor plan.

Likely market impact

This is a sizable new order win for HCC's order book, with HCC's share alone representing a meaningful portion of annual revenue. Being a government (BMC) order, it offers relatively stable cash flows, though execution timelines for large urban infrastructure projects can be lengthy and dependent on clearances and right-of-way.