ALSO READHindustan Construction Company gets RBI's approval for S4A scheme Hindustan Construction Company provides update on Joint Lender's Forum meeting Hindustan Construction gains after its JV wins contract Hindustan Construction Company standalone net profit declines 42.80% in the September 2016 quarter Hindustan Construction Company standalone net profit rises 17.49% in the June 2016 quarter
Set to receive Rs 2000 crore in arbitral awards within 4-6 weeksHindustan Construction Company has received communications from NHPC and NHAI regarding arbitral award payment. NITI Ayog has given SOP (Standard Operating Procedures) for release of payment for timely implementation. HCC has been asked to reconcile the award within 7 days and thereafter open escrow account and submit bank gurantees within 30 days for recovering the amount. This communication clears the way for HCC for receiving close to Rs 2000 crore within 4-6 weeks.
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