Anil Singhvi joins board of HCC

The board of directors of Hindustan Construction Company (HCC) today cleared the appointment of Anil Singhvi as director of the company in place of R G  Vartak who resigned as director effective July 27, 2007.

Singhvi is the managing director of Icon Investments Advisors. Prior to this, he was the managing director of Ambuja Cements.

HCC today reported a 39% increase in net profit at Rs 35 crore for the first quarter ended June 30, 2007.  Turnover increased 26% to Rs 730.58 crore.