Hindustan Construction Co Ltd 2019 AR2
The report highlights Hindustan Construction Company Limited's (HCC) performance and strategic developments for the fiscal year 2018-19. During the year, the company successfully completed and inaugurated several projects of national importance, including the Bogibeel Rail-cum-Road Bridge, the Kishanganga Hydro Power Project, and the Pare Hydro Power Project. HCC focused on deleveraging its balance sheet, raising ’498 crore through a Rights Issue and entering into an agreement to monetize ’1,750 crore of arbitration awards and claims. Additionally, the company sold its 100% stake in Farakka-Raiganj Highways Ltd. and its non-core Charosa Wineries business to focus on its core engineering and construction operations.
Company: Hindustan Construction Co Ltd
Sector: Construction
Country: India
Year: 2019
Type: AR2
Pages: 254
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Hindustan Construction Co Ltd
Annual Report
The report highlights Hindustan Construction Company Limited's (HCC) performance and strategic developments for the fiscal year 2018-19. During the year, the company successfully completed and inaugurated several projects of national importance, including the Bogibeel Rail-cum-Road Bridge, the Kishanganga Hydro Power Project, and the Pare Hydro Power Project. HCC focused on deleveraging its balance sheet, raising ’498 crore through a Rights Issue and entering into an agreement to monetize ’1,750 crore of arbitration awards and claims. Additionally, the company sold its 100% stake in Farakka-Raiganj Highways Ltd. and its non-core Charosa Wineries business to focus on its core engineering and construction operations.
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Document Details
Report Year
2019
Reporting Period
Apr 1, 2018 - Mar 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees