HCC on Monday, October 14, said it has secured a letter of acceptance (LoA) from the Maharashtra State Road Development Corporation (MSRDC) to construct a two-lane bridge worth ₹1,031 crore.

The bridge will be constructed across the Agardanda Creek with approaches connecting Tokekhar Tq Murud and Turumbadi Tq Mhasala in Raigad district on the Revas-Reddi Coastal Highway, the company said. The order will be on an EPC mode and is expected to be completed in 36 months.

The 4.3 km bridge will comprise approaches of 45 m on the Agardanda side, 145 m on the Dighi side and the main bridge would be 4,120 metre. The project includes two navifation spans with horizontal clearance of 100 m and vertical clearance of 15 m.

“Once completed, this project is poised to contribute to enhanced connectivity, reduced travel time and the region’s overall economic development,” HCC said.

HCC shares were rading 4.4% higher at ₹44.12 apiece at 2.20 pm on Monday, October 14. The stock has gained 58.62% this year, so far.

Also Read: Free Shares: Easy Trip Planners share price gains after declaring 1:1 bonus issue