HCC Secures ₹1,031 Crore Contract to Build Two-Lane Bridge from MSRDC
Hindustan Construction Company (HCC) has won a major infrastructure contract worth ₹1,031 crore from the Maharashtra State Road Development Corporation (MSRDC).
Hindustan Construction Company (HCC) has won a major infrastructure contract worth ₹1,031 crore from the Maharashtra State Road Development Corporation (MSRDC). The project involves the construction of a two-lane bridge across the Agardanda Creek in the Raigad district, as part of the Revas-Reddi Coastal Highway. This significant contract was confirmed on Monday, October 14, 2024, as HCC announced the receipt of a Letter of Acceptance (LoA) from MSRDC.
Project Overview:
- Location: Agardanda Creek, connecting Tokekhar Tq Murud and Turumbadi Tq Mhasala.
- Bridge Length: 4.3 km total, with approaches of 45 meters on the Agardanda side and 145 meters on the Dighi side.
- Main Bridge: 4,120 meters in length.
- Key Features: The bridge includes two navigation spans offering 100 meters of horizontal clearance and 15 meters of vertical clearance.
- Mode of Execution: EPC (Engineering, Procurement, and Construction) mode.
- Completion Timeline: Expected within 36 months.
The project is expected to improve the region’s connectivity, reduce travel time, and contribute significantly to local economic development. This bridge will enhance infrastructure links in a key part of Maharashtra's coastline, improving access for both local and commercial traffic.
HCC's Statement:
HCC stated, "Once completed, this project is poised to contribute to enhanced connectivity, reduced travel time, and the region's overall economic development." The company is optimistic that this infrastructure upgrade will facilitate smoother transportation and serve as a catalyst for growth in Raigad district and beyond.
HCC Share Performance:
Following the news, HCC shares closed 3.5% higher on Monday at ₹43.74 per share, reflecting growing investor confidence. The stock has shown strong performance this year, rising nearly 60%.
Key Highlights:
- Project Value: ₹1,031 crore
- Bridge Length: 4.3 km with key spans for navigation
- Completion Timeline: 36 months
- Stock Movement: HCC shares up 3.5% post-announcement, with a 60% gain in 2024
This project marks another achievement for HCC in the infrastructure space, reinforcing its role as a leading construction company in India’s burgeoning transport sector. The bridge is expected to not only ease travel but also stimulate economic growth in the region.
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