HCC has discontinued three verticals — thermal power, ports and hydrocarbons — that were started nearly a year ago. The thinking at that time was that big business could be generated in these sectors. However, the economic slowdown that followed has ensured that the contribution of these verticals to HCC’s current order book of roughly Rs 18,000 crore is insignificant. Only one of these three verticals, thermal power, bagged an order for Rs 230 crore in the past one year. The ports vertical has been implementing a Rs 608-crore construction work for Naval Dockyard in Mumbai but the order was bagged before the vertical was formed. HCC will complete these two projects, but will not look for new business for the three verticals.

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8.66 0.33 (3.96%) May 14, 18:01
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