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HCC-Hyundai Development Corp JV bags Rs 21-bn Mumbai Coastal Road Project

Hyundai Development Corporation's share in the joint venture (JV) is 55 per cent (Rs 11.69 billion)

Press Trust of India  |  New Delhi 

Hindustan Construction
Hindustan Construction Company logo | Photo: Wikipedia

Infrastructure major Company Ltd (HCC) Wednesday said the company, in a joint venture with (HDC), has been awarded a Rs 21.26 billion contract by the (MCGM).

"HCC's share in the joint venture (JV) is 55 per cent (Rs 11.69 billion) and the project is to be completed in four years (48 months)," the company said in a BSE filing.

"The scope of work includes design and construction of road, bridges, interchanges including reclamation and associated works between Baroda Palace near Haji Ali and the Worli end of Bandra Worli Sea Link," it added.

HCC said MCGM has envisaged the (MCRP) along the western seafront of the city to decongest existing roads.

Shares of HCC were trading 2.78 per cent up at Rs 11.48 apiece on BSE.

First Published: Wed, October 03 2018. 12:35 IST
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