Page 2 - Hcc

Road developers take conciliation route for claims amid liquidity crunch

Debt resolution, Covid-related liquidity concerns, and a long legal process acting as deterrent are some reasons pushing firms to pursue conciliation

HCC sinks 16% from day's high on Rs 406 crore consolidated net loss in Q1

It had logged a net profit of Rs 99.74 crore in the year-ago period

HCC-Dilip Buildcon JV bags Rs 1,900 cr contract from NHAI for road link

The Rs 1,900 crore road project, which will include a four-lane bridge over the Ganga river, will connect Sahibganj bypass in Jharkhand to Manihari bypass in Bihar

SBI seeks new consolidated transaction review, forensic audit of Lavasa

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

HCC Q3 profit at Rs 234 cr; announces plan to reduce debt by Rs 2,100 cr

Total turnover in the quarter under review was at Rs 1,075 crore against Rs 1,102 crore in the year-ago period

Mumbai Coastal Road project's clearance cancellation to impact L&T, HCC

The coastal road project is one of the many infrastructure projects underway in Mumbai to decongest roads and other transport systems

HCC posts a standalone loss of Rs 427.87 crore for March quarter

HCC said there was an exceptional loss of Rs 2,400 crore during FY19 which was largely due to the impact of Lavasa's admission into NCLT under the IBC

HCC to raise Rs 1,750 crore through monetisation of claims

Debt to reduce by Rs 1,250 crore; additional liquidity of Rs 500 crore to drive growth

HCC sells road asset to Singapore's Cube Highways for Rs 3.7 bn

Company says additional consideration may be paid based on certain developments

HCC falls 15% on reports of subsidiary Lavasa Corp heading for bankruptcy

The stock hit 18-month low of Rs 24.60, down 15%, extending its Wednesday's 5% decline on the BSE

HCC JV bags Rs 497 cr order for Pune Metro

HCC's share in the JV is 51% (Rs 253.5 crore). The project is to be completed in 110 weeks

HCC's Q3 net dips by 80.49% to Rs 4.55 cr

Company is in the process of allotting balance number of equity shares and OCDs

HCC hits fresh 52-week high on Rs 369 crore order win from IRCON

The stock hit a fresh 52-week high of Rs 44.95, up 8% on the National Stock Exchange in intra-day trade

HCC to seek shareholders nod for conversion of loan into equity; stock hits 52-week high

The stock surged 11% to Rs 43.50, also its 52-week high on the BSE in intra-day trade

HCC board approves debt restructuring plan

S4A allows lenders to separate sustainable debt from unsustainable debt and then consider equity conversion options for the company's unsustainable debt

HCC Board approves S4A scheme & Rs 2,100 crore BG for collection of arbitral awards

It approved issuance of 25,19,92,670 equity shares of of face value Re 1/- each, representing 24.44% of capital

First S4A debt recast gets nod

Construction major HCC's Rs 5,000-crore debt recast has become the first case to get approval of a high-level panel set up under the Reserve Bank of India's (RBI) new Scheme for Sustainable Structuring of Stressed Assets (S4A).The scheme, passed by an ICICI Bank-led joint lender forum in September, has been now approved by the RBI-mandated Overseeing Committee and can be implemented now, banking sources said.Under this recast of HCC's Rs 5,000-crore debt, which has become the first successful resolution case under the RBI's highly ambitious S4A tool, 52 per cent of debt (nearly Rs 2,600 crore) was found to be sustainable and would be serviced as per the original terms and conditions, including about interest rate and tenure.Of the remaining 48 per cent (Rs 2,400 crore), a debt of Rs 1,000 crore would be converted into equity for the banks, which could eventually give them 25 per cent stake in the company's post-scheme equity capital. The remaining debt of Rs 1,400 crore would get conve

Debt-laden HCC gets relief under RBI 's S4A sheme

The scheme was unveiled by RBI this year to help resolve the corporate debt problem

HCC's net profit falls 43% in July-September quarter

The company reported a net profit of Rs 23.08 crore

HCC hits fresh 52-week high on contract from Department of Atomic Energy

The stock rallied 7% to Rs 41, also its fresh 52-week high on the BSE.