Hindustan Construction Company (HCC) has received its board approval to approach bankers through CDR (Corporate Debt Restructuring) process for re-alignment of the company's debt. The decision for CDR comes in the wake of the company failing to see expected cash flow primarily because of delays in outstanding payments.
Higher interest outgo and cost overruns had led to HCC posting a net loss of Rs 130 crore for the quarter ended December 31. The company’s net loss for the quarter ended December 31, 2012 was at Rs 130 crore versus profit of Rs 8 crore, y-o-y. Its total income was down at Rs 946 crore versus Rs 1,008 crore, y-o-y.
HCC’s experience in the road 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 roads 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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4047.50 |
| Rail Vikas Nigam | 297.95 |
| NCC | 161.30 |
| KEC International | 559.90 |
| Kalpataru Projects | 1240.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: