Hindustan Construction Company

Hindustan Construction Company

In spite of the fact that HCC's Q1FY12 net benefit declined 89.87% in the quarter finished June 2011 on the back of the higher obligation level and expanded financing costs, it has its in kitty request inflows worth Rs17,007 crore barring two L1 contracts worth Rs. 2,077 crore. 

The request book comprises of a variety of undertakings, for example, hydro (42%), transport (22%), water (20%), atomic and others (16%). Albeit, higher interest expense has made a mark into its primary concern, the gathering enlisted top line of Rs1,0579 crore. 

On the undertaking front, HCC Infrastructure Company—a 100% backup of the diluting so as to gather wanted to raise Rs2.40 crore a 14.5% stake in its entirely possessed auxiliary, HCC Concessions. The exchange estimation of HCC Concessions Ltd remains at Rs1,650 crore and has Rs5,500 crore portfolio, which incorporates six NHAI concessions containing an annuity venture and five toll streets. The gathering in a joint endeavour with Alstom was granted an agreement worth Rs 18.43 billion from THDC India (THDCIL) to develop Tehri Pumped Storage Plant in Tehri, Uttarakhand. It additionally got a letter of acknowledgment cum-work request from Sardar Sarovar Narmada Nigam, Gandhinagar, for development of waterway earthwork, coating, structures and benefit streets of the distributaries and minors of Limbdi Branch Canal at Limbdi, Gujarat.

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