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Monday, December 23, 2024 | 09:38 AM ISTEN Hindi

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Hindustan Construction Company settles claims of Rs 180 cr

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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.

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First Published: Dec 23 2024 | 9:07 AM IST

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