Hindustan Construction net increases 22 percent

Operating profits of construction major Hindustan Construction Co (HCC) rose 22 percent to Rs.112 crore for the first quarter this fiscal, as compared to Rs.91 crore posted in the year-ago period.

The company's turnover increased 8 percent to a little over Rs.964 crore from Rs.895 crore in the corresponding period the previous fiscal, the company said in a regulatory statement Friday.

"HCC has shown robust growth despite the economic slowdown. We expect substantial increase in the order book given the increased government focus on infrastructure development in the coming months," said HCC chairman and managing director Ajit Gulabchand.

HCC's order book improved 50 percent to Rs.15,412 crore.

HCC Bags Rs.340 crore BOT Project of NHAI for Badarpur Elevated Highway

HCC, India's leading construction and infrastructure development Company, has bagged the prestigious order from National Highway Authority of India (NHAI) to construct the 4.4 km elevated highway at Badarpur on National Highway 2 (Mathura Road) near Delhi on BOT basis.
The contract envisages design, construction, development, finance, operation and maintenance of 4.4 kms of six lane elevated road. The cost of the project is estimated at about Rs 340 crores. The company has received the letter of award from NHAI for this project with concession period of 20 years including the construction period of 24 months.

The elevated highway is expected to provide a much desired relief to inter-state movement on Mathura Road. It will provide a smooth and non-stop drive to motorists in Delhi and Faridabad, Haryana. It will start close to NTPC near Badarpur in Delhi and will end at Sector 37 in Faridabad. It will provide a smooth drive over five important traffic junctions including NTPC, Mehrauli, Jaitpur, Sarai Bypass and Sector 37 junction.
In the transportation segment HCC has a strong track record in construction of Bridges, Roads, Highways, Railways and MRTS (Mass Rapid Transport System). In the MRTS space, the company has executed the Kolkata and Delhi Metro Rail project. HCC has also executed the Mumbai-Pune expressway, the first ever 6 lane concrete pavement express way in India. It has built nearly 173 road bridges; the combined length of which would approximately be 46,458 meters. HCC's overseas performance in the construction of bridges has also been impressive with over 34 bridges built in Iraq alone. It is the first Indian contracting company to venture in a big way into Jammu & Kashmir for redevelopment works. It is building 84km of the historical Mughal Road along with 4 major hydel prower projects in the state of Jammu & Kashmir. The company is also constructing the 8 lane, 4.6 km long Bandra-Worli sea-link project in Mumbai which will be an engineering masterpiece.

About HCC:

HCC is a leading construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development and developing new age construction technologies. The Company has managed and executed several technically complex and high value projects across segments like transportation, power generation infrastructure, marine projects, oil & gas pipeline constructions, irrigation & water supply, utilities and urban infrastructure. (Please visit: www.hccindia.com)

HCC Bags Rs. 303 crore Teesta Hydro Electric Power Project Order

HCC (Hindustan Construction Company), a leading infrastructure construction and development company has been awarded the work of Lot - IV of Teesta Hydro Electro Power Project Stage - VI by M/s Lanco Infra Tech Ltd. This order is worth Rs. 303.02 crore for all civil works and will be completed in 44 months. The project is located at Tarkhola near Rangpo in the district of South Sikkim.
The contract covers construction of underground power house cavern, underground transformer cavern, two numbers of 16 m dia & 60 m high simple surge shafts, four numbers of 5.4 m dia circular pressure shaft, two numbers of D shaped tail race tunnels, modified horse shoe shaped HRTs and Civil works of switch yard.

HCC is also involved in construction of NHPC's Teesta Low Dam Hydroelectric Power Project Stage IV in West Bengal involving construction of diversion arrangement, concrete gravity dam along with spillway, roller compacted concrete (RCC) dam, intake structure, surface power house, tail race channel, switch yard and other associated civil works.
HCC has built several landmark projects in India's Hydro Power and water resources sector, with at least 10 of these situated in the geologically challenging Himalayan region. Having also constructed over 45 dams, barrages and 15 powerhouses in the Indian sub continent, HCC has contributed to over 30 per cent of India's installed hydropower capacity.

About HCC:
HCC is a leading construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development and developing new age construction technologies. The Company has managed and executed several technically complex and high value projects across segments like transportation, power generation infrastructure, marine projects, oil & gas pipeline constructions, irrigation & water supply, utilities and urban infrastructure. (Please visit: www.hccindia.com)

HCC Turnover Crosses Rs. 3000 crores in 2007-08

The Board of Directors of Hindustan Construction Company Ltd (HCC) took on record the company's audited results for the year ended March 31, 2008.

Highlights:

For the year ended 31st March 2008

-- Turnover crosses Rs 3000 crore mark, up 30% at Rs 3104.34 crore compared to Rs 2394.50 crore for the corresponding period last year

-- Profit before tax up 32% to Rs 156.00 crores over Rs 117.89 crores

-- Profit after tax up 37% to Rs 108.77 crores over Rs 79.28 crores; crosses Rs 100 crore mark.

-- Improved operating margins (EBDITA) at 11.9% for the FY2007-08 from 9.1% in the previous year.

-- The Board of Directors of HCC has recommended a 80% dividend

-- Order book on hand at Rs.10158 crores

The company is awaiting award of projects worth Rs 3775 crores where its bids are lowest. The company also reported that the tenders under evaluation are Rs 2570 crores and where it is pre-qualified to bid are over Rs.26,462 crore.

The company is currently executing 36 projects across the country including complex and challenging projects such as Bandra Worli Sea-Link - Mumbai, Godavari Lift Irrigation Scheme (GLIS) - Andhra Pradesh, Chennai Bypass - Tamilnadu, Pir Panjal Tunnel Lining Works, Mughal Road - Jammu & Kashmir, Delhi Metro and Kudankulam Breakwater - Tamilnadu.

During the financial year 2007-08, the company bagged six new orders which include Irrigation tunnel work of the Pula Subbaiah Veligonda Project - Andhra Pradesh, Rajiv Sagar Lift Irrigation Project - Andhra Pradesh, Middle Vaitarna Water supply project - Mumbai, Two orders from Delhi Metro Rail Corporation and construction India's first strategic crude oil storage at Vishakhapattanam.

Lavasa, the new hill station being developed by HCC Real Estate, the 100 per cent subsidiary of HCC has attracted Oxford University to put their leadership programme. In addition to this, it has also signed MoU with Girls Day School Trust of UK and Christ College, Bangalore to set-up their campus in the hill town. In the financial year 2007-08, it has done the pre-sale of Rs.494 crores against the target of Rs 99 crores. While most of the infrastructure is ready for phase I of Lavasa, the construction of villas and apartments is in full swing.

HCC Real Estate is developing 1.9 million sqft '247 Park' in Vokroli, Mumbai which will be ready for occupation in March 2009. The building will have Gold rated LEED Certification for Green Buildings. The construction work for this IT park is progressing on time.

The company was awarded the 'Golden Peacock Award for Excellence in Corporate Governance 2007'. It also received the 'Golden Peacock Award for Occupational Health & Safety - 2007' for Bandra Worli Sea Link Project.

About HCC

HCC Turnover Crosses Rs. 3000 crores in 2007-08 is a leading construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development and developing new age construction technologies. The Company has managed and executed several technically complex and high value projects across segments like transportation, power generation infrastructure, marine projects, oil & gas pipeline constructions, irrigation & water supply, utilities and urban infrastructure. (Please visit: www.hccindia.com)

HCC Net Profit up 179% to Rs 11.63 cr for Q2 2007-08

Highlights:

-- Turnover up 29% at Rs 549.05 crore for the quarter ended September 30, 2007 compared to Rs 425.66 crore for the corresponding period last year
-- Profit After Tax up 179% to Rs 11.63 crore over Rs 4.17 crore
-- EBDITA up 53% to Rs 60.10 crore over Rs 39.40 crore
-- Profit Before Tax up 129% to Rs 13.94 crore over Rs 6.09 crore
-- Order book on hand at Rs 9601 crore

The company improved its operating margins substantially to 11% for the Q2 2007-08 from 9.4% in the corresponding period last year. The company has submitted tenders worth Rs 4559 crore which are under evaluation at client end. The company also reported that the tenders under its own evaluation where it is pre-qualified to bid are over Rs 12377 crore.

HCC received three major orders in transportation and water sector worth Rs.983 crores. These include Rs. 774.64 crore (HCC share Rs 256 crore) order of construction of two underground stations and a tunnel between New Delhi and Talkatora Garden stations from Delhi Metro Rail Corporation and two projects from BMC for water tunnel construction worth Rs.727 crores.

HCC Real Estate Ltd, a 100% subsidiary of HCC is developing an IT park in Vikorli, Mumbai with a development area of 1.9 million sq.ft. The construction is in full swing and is expected to be completed by December 2008. Besides, it has plans to develop over 1500 acres of land for various projects.

Lavasa, free India▓s largest hill station being developed by HCC Real Estate Ltd has commenced marketing on Dasera (October 22, 2007). It has already achieved sales target of Rs.300 crore in current season. While Fortune, Novotel, Grand Mercure and Sheraton have already tied up to develop hotels at Lavasa, efforts are on-going to attract leaders in the field of tourism, education and healthcare. Tie ups have already been established with Ecole hТteliХre de Lausanne (EHL) for setting up a hospitality learning centre and Apollo Hospitals to develop a world-class hospital and wellness centre at Lavasa.

About HCC

HCC is a leading construction and infrastructure development company with a rich heritage of experience. The company specializes in pioneering large-scale infrastructure development and developing new age construction technologies. The company has managed and executed several technically complex and high value projects across segments like transportation, power generation infrastructure, marine projects, oil & gas pipeline constructions, irrigation & water supply, utilities and urban infrastructure. For more information, please visit www.hccindia.com.

To view the financial sheet, please click on the links given below:

HCC Unaudited Financial Results Sheet