Hindustan Construction Company Ltd

The project involves the construction of the Bhivpuri Off-Stream Open-Loop Pumped Storage Project (PSP), a 1000 MW facility located in Karjat, Maharashtra. The Bhivpuri PSP will consist of four units: two 333 MW units and two 167 MW units. The scope of work entrusted to the HCC-TPL joint venture encompasses a wide range of civil and hydro-mechanical (H&M) components. HCC is engaged in the engineering and construction of large infrastructure projects. The company reported a consolidated net loss of Rs 38.92 crore in Q3 December 2024 as against net profit of Rs 182.30 crore in Q3 December 2023. Net sales declined 31.72% year-on-year to Rs 1,006.81 crore in Q3 FY25. Powered by Capital Market - Live

Hindustan Construction Company (HCC) and Tata Projects (TPL) in a 50:50 Joint Venture have been awarded a Rs 2,470 crore contract by Tata Power Company for the construction of Bhivpuri Off-Stream Open Loop Pumped Storage Project (PSP) 1000 MW (2x333 MW + 2x167 MW) located at Karjat, Maharashtra. The scope of work includes Civil and H&M components of the project i.e. Coffer Dam, Intake Structure including gates & screen at the existing upper reservoir of Thokerwadi, Head Race Tunnels, Penstock, Surge Shaft, Pressure Shaft, Powerhouse, Tail Race Tunnel, Lower Intake Structures including gate & screens, a new lower reservoir with GFRD Dam, adits, roads & drains, various BOP foundation and building structures. The scope will also include other appurtenant works required for completion of the project consisting of infrastructure works along with review and interface of electro-mechanical works. HCC has served the nation in the development of nearly 26% of installed hydropower capacity and is currently executing five hydroelectric power projects, including the 1000 MW Tehri Pumped Storage System in Uttarakhand. This latest win by HCC further cements its position as a leading partner in the development of hydropower projects for the country. Powered by Capital Market - Live

The contract is for the construction of an 8.65 km underground metro corridor, including tunnels and stations, for the Indore Metro project. This Package IN-05R represents the first and only underground segment of the 31.32 km Indore Metro Phase-1 project. It involves the construction of 11.32 km of tunnels using Tunnel Boring Machines (TBMs) and seven underground stations: Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport. The corridor will connect a ramp east of Indore Railway Station to a ramp west of Airport Station. Currently, HCC is also involved in the construction of 4 km of twin tunnels and four stations for Mumbai Metro Line III, as well as two packages for the Chennai Metro. Hindustan Construction Company is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro, nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. The company had reported a consolidated net loss of Rs 38.92 crore in the quarter ended December 2024 as against net profit of Rs 182.30 crore during the previous quarter ended December 2023. Sales declined 31.72% to Rs 1,006.81 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

Hindustan Construction Company (HCC), in partnership with Tata Projects (TPL), has won a Rs 2,191 crore contract for construction of a 8.65 km long corridor including underground tunnels and stations for Madhya Pradesh Metro Rail Corporation (MPMRCL). HCC holds a 55% share in the joint venture, amounting to Rs 1,205 crore. The Package IN-05R is the first and only underground segment of the 31.32 km Indore Metro Phase 1 project. The package includes the construction of 11.32 km long tunnel by TBM and seven underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, Ramchandra Nagar, BSF/Kalani Nagar, and Airport, connecting a ramp east of Indore Railway Station to a ramp west of Airport Station. Currently, HCC is engaged in Mumbai Metro Line Ill, constructing 4 km of twin tunnels and four stations, along with two Chennai Metro packages. The company has made a significant contribution to India's metro expansion plan having constructed of a material portion of Delhi Metro, Bangalore Metro, Mumbai Metro Line I and Kolkata Metro.Powered by Capital Market - Live

Hindustan Construction Company announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 March 2025.Powered by Capital Market - Live

Net loss of Hindustan Construction Company reported to Rs 38.92 crore in the quarter ended December 2024 as against net profit of Rs 182.30 crore during the previous quarter ended December 2023. Sales declined 31.72% to Rs 1006.81 crore in the quarter ended December 2024 as against Rs 1474.47 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1006.811474.47 -32 OPM %-8.2216.19 - PBDT-206.48144.91 PL PBT-296.00114.48 PL NP-38.92182.30 PL Powered by Capital Market - Live

Hindustan Construction Company will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Indo Count Industries Ltd, Intellect Design Arena Ltd, Network 18 Media & Investments Ltd and Glenmark Life Sciences Ltd are among the other losers in the BSE's 'A' group today, 24 December 2024.Hindustan Construction Company Ltd tumbled 5.18% to Rs 38.81 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 19.47 lakh shares were traded on the counter so far as against the average daily volumes of 22.72 lakh shares in the past one month.Indo Count Industries Ltd crashed 4.08% to Rs 331.75. The stock was the second biggest loser in 'A' group.On the BSE, 32357 shares were traded on the counter so far as against the average daily volumes of 47739 shares in the past one month.Intellect Design Arena Ltd lost 4.04% to Rs 923.7. The stock was the third biggest loser in 'A' group.On the BSE, 2.1 lakh shares were traded on the counter so far as against the average daily volumes of 45095 shares in the past one month.Network 18 Media & Investments Ltd plummeted 3.66% to Rs 73. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.01 lakh shares were traded on the counter so far as against the average daily volumes of 3.45 lakh shares in the past one month.Glenmark Life Sciences Ltd fell 3.53% to Rs 958.45. The stock was the fifth biggest loser in 'A' group.On the BSE, 1881 shares were traded on the counter so far as against the average daily volumes of 7763 shares in the past one month.Powered by Capital Market - Live

Hindustan Construction Company has completed a claims settlement with a major client for Rs.180 crore, resulting in the reduction of client advances amounting to around Rs. 130 crore (implying a reduction of annual financing charges of Rs. 15 crore), with the balance Rs. 50 crore being received as cash consideration, thereby boosting liquidity. Powered by Capital Market - Live

The QIP, which opened on 16 December 2024, saw a robust response and was fully subscribed within a few hours of its opening. HCC has raised Rs 600 crore by issuing shares at an issue price of Rs 43.01 (including a premium of Rs 42.01 per share). The offering attracted a diverse pool of top-tier institutional investors with long-term outlooks including global and domestic investors like SBI General Insurance, Citi Bank, BNP Paribas Sriram Mutual Fund, Authum, Samsung Family Office, DE Shaw etc. This is the second fundraising for HCC after its successful rights issue of Rs 350 crore in April 2024, which was over-subscribed by 2.5 times. The QIP proceeds shall be primarily utilized for business growth, augmenting working capital and toward deleveraging. HCC is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro, nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. The scrip fell 1.68% to currently trade at Rs 43.35 on the BSE. Powered by Capital Market - Live