Page 2 - Hindustan Construction Company

HCC Q2 net loss widens to Rs 476 crore, expenses decline to Rs 2,093 crore

The firm's total expenses declined to Rs 2,093.75 crore, as against Rs 2,176.30 crore a year ago

HCC sells Farakka Raiganj Highway to Cube at Rs 1,508 cr enterprise value

Sale is part of HCC's larger effort to pare debt at company level. A separate process to sell an SPV that holds half the firm's debt and significant claims is also underway

HCC Q4 consolidated net profit at Rs 311 cr, income down to Rs 2,377 cr

The company's total expenses on a consolidated basis declined to Rs 2,366.13 crore, against Rs 2,752.97 crore a year ago

Infra firm HCC's total default to 14 creditors amounts to Rs 728.40 cr

Total financial indebtedness of the firm amounted to Rs 10,427.59 cr

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

Changes in BOT road contracts may not jumpstart private investment

Changed bidding and contractual guidelines for build-operate-transfer (BOT) road contracts are being finalised but big construction companies might, it is believed by observers, not be in a hurry to return to this segment.As for smaller players, they are occupied with hybrid annuity projects. The decisive factors in attracting private investment will be the stretches offered for bidding and projected traffic density.The new draft norms have been brought in to encourage private participation in BOT. Large highway developers (L&T, Hindustan Construction) had started avoiding these contracts, over delayed return on investment, rigid concessionaire agreements and legal disputes with governments.According to the draft Model Concessionaire Agreement, the National Highways Authority of India (NHAI) and the concessionaire would agree that in a financial default, the lender or banks can invite, negotiate and procure offers, either by private negotiations or public auction or tenders, for ..

Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms

The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above

No automatic stay on enforcement of arbitration award if challenged: SC

Apex court strikes down Section 87 of Arbitration Act; Does not give interim relief to petitioners, HCC, Gammon India

Hindustan Construction raises over Rs 4.976 bn, rights issue oversubscribed

With this, the paid-up equity capital of the company will go up to Rs 1.5130 billion from Rs 1.0155 billion

HCC-Hyundai Development Corp JV bags Rs 21-bn Mumbai Coastal Road Project

Hyundai Development Corporation's share in the joint venture (JV) is 55 per cent (Rs 11.69 billion)

Hindustan Construction Company stock falls 25% on Lavasa debt worries

On the National Stock Exchange, shares of the company dived 25.42 per cent to close at Rs 17.45

HCC to receive arbitral award of Rs 2000 crore; stock up over 10%

The stock rallied 15% to Rs 39.50 on the BSE in intra-day trade on back of heavy volumes

Lenders meet today to review HCC's debt rejig plan

The lenders will subscribe to 24.44% fresh equitywhich will bring down promoter holding from 36.07% to 27.44%

HCC-VCCL JV bags Rs 367.72 crore order for project in Manipur

Shares of the company were trading at Rs 35.35 on BSE, up 4.59 per cent from the previous close

HCC bags Rs 182 crore from Department of Atomic Energy

The order is for building premium highrise residential towers at Kalpakkam

Arbitration norm could be a game changer for HCC

Stock has gained over 50% since arbitration claim process streamlined

HCC first to get debt relief under new RBI scheme

Lenders to decide on converting loans into equity/debentures in 3 months

Difficult to find buyers for asset monetisation: HCC

The company is keen on monetising its non-core assets to generate cash and repay debt

HCC puts off Lavasa IPO for the third time

Given the condition of the real estate sector, we feel that it is not the right time to file for an IPO and we will wait for the right time: Praveen Sood