Page 2 - Hcc
HCC Q3 profit at Rs 234 cr; announces plan to reduce debt by Rs 2,100 cr
Total turnover in the quarter under review was at Rs 1,075 crore against Rs 1,102 crore in the year-ago period
 "HCC Q3 profit at Rs 234 cr; announces plan to reduce debt by Rs 2,100 cr")
Mumbai Coastal Road project's clearance cancellation to impact L&T, HCC
The coastal road project is one of the many infrastructure projects underway in Mumbai to decongest roads and other transport systems
 "Mumbai Coastal Road project's clearance cancellation to impact L&T, HCC")
HCC posts a standalone loss of Rs 427.87 crore for March quarter
HCC said there was an exceptional loss of Rs 2,400 crore during FY19 which was largely due to the impact of Lavasa's admission into NCLT under the IBC
 "HCC posts a standalone loss of Rs 427.87 crore for March quarter")
HCC to raise Rs 1,750 crore through monetisation of claims
Debt to reduce by Rs 1,250 crore; additional liquidity of Rs 500 crore to drive growth
 "HCC to raise Rs 1,750 crore through monetisation of claims")
HCC sells road asset to Singapore's Cube Highways for Rs 3.7 bn
Company says additional consideration may be paid based on certain developments
 "HCC sells road asset to Singapore's Cube Highways for Rs 3.7 bn")
HCC falls 15% on reports of subsidiary Lavasa Corp heading for bankruptcy
The stock hit 18-month low of Rs 24.60, down 15%, extending its Wednesday's 5% decline on the BSE
 "HCC falls 15% on reports of subsidiary Lavasa Corp heading for bankruptcy")
HCC JV bags Rs 497 cr order for Pune Metro
HCC's share in the JV is 51% (Rs 253.5 crore). The project is to be completed in 110 weeks
HCC's Q3 net dips by 80.49% to Rs 4.55 cr
Company is in the process of allotting balance number of equity shares and OCDs
HCC hits fresh 52-week high on Rs 369 crore order win from IRCON
The stock hit a fresh 52-week high of Rs 44.95, up 8% on the National Stock Exchange in intra-day trade
HCC to seek shareholders nod for conversion of loan into equity; stock hits 52-week high
The stock surged 11% to Rs 43.50, also its 52-week high on the BSE in intra-day trade
 "HCC to seek shareholders nod for conversion of loan into equity; stock hits 52-week high")
HCC board approves debt restructuring plan
S4A allows lenders to separate sustainable debt from unsustainable debt and then consider equity conversion options for the company's unsustainable debt
HCC Board approves S4A scheme & Rs 2,100 crore BG for collection of arbitral awards
It approved issuance of 25,19,92,670 equity shares of of face value Re 1/- each, representing 24.44% of capital
First S4A debt recast gets nod
Construction major HCC's Rs 5,000-crore debt recast has become the first case to get approval of a high-level panel set up under the Reserve Bank of India's (RBI) new Scheme for Sustainable Structuring of Stressed Assets (S4A).The scheme, passed by an ICICI Bank-led joint lender forum in September, has been now approved by the RBI-mandated Overseeing Committee and can be implemented now, banking sources said.Under this recast of HCC's Rs 5,000-crore debt, which has become the first successful resolution case under the RBI's highly ambitious S4A tool, 52 per cent of debt (nearly Rs 2,600 crore) was found to be sustainable and would be serviced as per the original terms and conditions, including about interest rate and tenure.Of the remaining 48 per cent (Rs 2,400 crore), a debt of Rs 1,000 crore would be converted into equity for the banks, which could eventually give them 25 per cent stake in the company's post-scheme equity capital. The remaining debt of Rs 1,400 crore would get conve
Debt-laden HCC gets relief under RBI 's S4A sheme
The scheme was unveiled by RBI this year to help resolve the corporate debt problem
HCC's net profit falls 43% in July-September quarter
The company reported a net profit of Rs 23.08 crore
 "HCC's net profit falls 43% in July-September quarter")
HCC hits fresh 52-week high on contract from Department of Atomic Energy
The stock rallied 7% to Rs 41, also its fresh 52-week high on the BSE.
HCC bags Rs 182 crore order from Department of Atomic Energy
Project scope includes construction of five high-rise residential towers of ground plus 15 floors housing 600 apartments
HCC extends gain to hit 52-week high
The stock hit high of Rs 32.60, rallied 42% in past two trading sessions from Rs 22.95 on Tuesday.
Infra shares gain; HCC, Simplex Projects, ARSS Infra surge over 10%
Gammon India, ARSS Infra, GVK Power, Punj Lloyd, IVRCL, Simplex Infra, Atlanta and Supreme Infra up over 5% each.
 "Infra shares gain; HCC, Simplex Projects, ARSS Infra surge over 10%")
HCC Q1 net profit up 17% to Rs 11 crore
The total income from operations increased to Rs 982.45 crore from Rs 975.07 crore in the year-ago period
