Ajit Gulabchand, Chairman and Managing Director said, “In an uncertain economic scenario, our focus remained on improving the operational efficiency. The company will continue to implement measures aimed at further improvement in all financial parameters. Inflow of Rs 3,218 crore orders during last six months will help to improve the turnover in the next few quarters.”
HCC's Rs 3,000 crore debt underwent restructuring in 2012, which included extension of repayment period, infusion of fresh working capital and lowering of interest rate.