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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