Hindustan Construction jumped 4.57% to Rs 44.20 after the company received a letter of acceptance (LoA) from Maharashtra State Road Development Corporation (MSRDC) for the construction of a two-lane bridge on Revas-Reddi Coastal Highway.
The project entails the construction of a two-lane bridge across Agardanda Creek in Raigad District, Maharashtra on an EPC mode. The bridge will be part of the Revas-Reddi Coastal Highway (MSH-04).The said contract valued at Rs 1,031.6 crore and it will execute in 3 months.
Upon completion, this bridge is anticipated to reduce travel time, improve connectivity, and contribute to the overall economic development of the region.
HCC is a global infrastructure development and construction company committed to building sustainable and responsible projects. With a century-long legacy in engineering, HCC has played a pivotal role in India's infrastructure development, contributing to a significant portion of the nation's hydropower, nuclear power, expressway, highway, unneling, and bridge networks.
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