Hindustan Construction Co., a Walchand Group company, has secured the deal to build the fourth phase of Mumbai's Goregaon-Mulund Link Road (GMLR). The project was awarded by the Brihanmumbai Municipal Corporation with a contract value of Rs 1,662 crore, according to a statement on Thursday.
The project is part of the GMLR corridor being developed by the government to improve east-west connectivity in Mumbai. Aakshya-HCC Joint Venture, in which HCC holds a 49% stake, will carry out the construction.
The scope of work under the contract includes construction of a second-level flyover and free-left movements at grade in phase one. The second phase involves construction of a cloverleaf interchange and free-left bypasses at grade. The scope also includes an obligatory cable-stayed span of 180 metres and ramps with a total length of 270 metres.
The GMLR, considered a prestigious project of the BMC, is being implemented in four phases. Once ready, it is expected to reduce travel time between Goregaon in the western suburbs and Mulund in the eastern suburbs from 90 minutes to 20 minutes. The project involves underground twin tunnels passing under the Sanjay Gandhi National Park and Aarey Colony.
In its 2025-26 budget, the BMC had made a provision for Rs 1,100 crore and another Rs 2,650 crore in its 2026-27 budget for the first three phases of the project, 48% of which is complete, including 18% of tunnelling work, according to a Hindustan Times report.
The cost in the fourth phase has risen from an initial estimate of Rs 1,293 crore to Rs 2,113 crore. The BMC passed the phase four plan without discussion or debate in a meeting earlier this month, held after a gap of four years.
Shares of HCC traded 1% lower on the NSE as of noon, compared to a 2.2% decline in the bechmark Nifty 50. The stock is down 19% year-to-date and 27% on a 12-month basis.
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