Hindustan Construction Company (HCC) has received its board’s approval to raise Rs 120 crore through issue of Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis to Axis Bank, Mumbai, on such terms and conditions as may be mutually agreed between the company and Axis Bank and in compliance with the Regulations issued by SEBI and any other regulatory requirements for issue of Debentures.
HCC’s experience in the roads and transport sector spans over construction of some of the best infrastructure for mass rapid transport systems, railways, roads, bridges and highways. It has built nearly 300 road and rail bridges and is building 84 km of the historical Mughal Road at a height of 3,494 meters above sea level through the Pir Panjal Mountains in Himalayas.
