Mukul Agrawal Bought 44,019,921 Shares; Construction Firm Secures Rs 1,662 Crore BMC Contract, FII Stake Increases
Om DSIJ / 19 Mar 2026 / Categories: Mindshare, Trending
Large scale contract worth Rs 1,662 crore for the GMLR project is expected to enhance Mumbai’s east-west connectivity
On Thursday, March 19, 2026, the share price of Hindustan Construction Company (HCC) is in focus after the company secured a major infrastructure contract worth around Rs 1,662 crore from the Brihanmumbai Municipal Corporation (BMC) for the Goregaon-Mulund Link Road (GMLR) Phase IV project. As of 11:39 AM, the share price of HCC is trading at Rs 15.59.
HCC wins GMLR Phase IV contract in joint venture
Hindustan Construction Company Ltd (HCC) has secured a major infrastructure contract worth approximately Rs 1,662 crore from the Brihanmumbai Municipal Corporation (BMC) for the construction of the Goregaon-Mulund Link Road (GMLR) Phase IV project. The project has been awarded to the Aakshya-HCC Joint Venture, in which HCC holds a 49 per cent stake.
The project involves the construction of a second-level flyover along with associated road infrastructure and interchanges. Phase I includes a 1,330-metre flyover, 3,200 metres of at-grade road, and 2,620 metres of free-left movements. Phase II covers the development of a cloverleaf interchange and bypasses, including a 2,400-metre loop and 3,600 metres of free-left bypass roads. The scope also includes a 180-metre cable-stayed span and ramps extending up to 270 metres. The GMLR corridor is being developed to improve east-west connectivity in Mumbai.
HCC Shareholding Pattern: FII increases stake
FII holding in Hindustan Construction Company Ltd witnessed a QoQ increase to 10.41 per cent in December 2025 from 9.58 per cent in September 2025. Promoter holding remained largely stable at 16.81 per cent QoQ, while DII holding declined to 4.76 per cent from 6.79 per cent. And, public shareholding increased QoQ to 68.01 per cent from 66.91 per cent.
Recently, Ace Investor Mukul Mahavir Agrawal added to his stake in Hindustan Construction Company Ltd, holding 1.68 per cent in December 2025.
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Add NowAbout Hindustan Construction Company
Hindustan Construction Company Ltd (HCC) is an infrastructure development and engineering company engaged in the construction of large and complex projects across transportation, power, and water sectors. With a legacy of nearly a century, the company has executed several landmark projects in India, including hydroelectric and nuclear power projects, highways, tunnels, and bridges. HCC operates across segments such as roads, metro, Railways, and urban infrastructure, catering to both government and institutional clients.
The company has a market capitalisation of Rs 4,102 crore. It reported a Return on Capital Employed (ROCE) of 25.2 per cent. The company’s book value stands at Rs 4.17 per share.
Disclaimer: The article is for informational purposes only and not investment advice.