Hindustan Construction Company Limited is engaged in construction activities which include roads, bridges, ports, railway tunnels, metro projects, power stations, water supply and irrigation projects, and one of the oldest infrastructure development companies in India.
The company’s business operations are primarily through three verticals, namely, (i) engineering and construction; (ii) infrastructure development; and (iii) real estate construction, as a single operating segment of engineering and construction.
In the last five financial years and till the six months ended September 30, 2023, The company have completed 14 projects across the engineering and construction and infrastructure development verticals with a cumulative executed value of Rs. 6,360.99 crore.
Hindustan Construction Company Rights Issue 2024 Detail
| Issue Open | March 26, 2024 – April 5, 2024 |
| Security Name | Hindustan Construction Company Limited |
| Issue Size (Shares) | 166,666,666 |
| Issue Size (Amount) | ₹350.00 Crores |
| Issue Price | ₹21 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 13 Rights Equity Share(s) for every 118 fully paid-up Equity Shares held on Record Date |
Hindustan Construction Company Rights Issue 2024 Issue Timetable
| Last Date to buy shares | March 15, 2024 |
| Record Date | March 16, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | March 26, 2024 |
| Renunciation of Rights Entitlements | April 2, 2024 |
| Bid/Offer Closes On | April 5, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Financials
Hindustan Construction Company Limited Financial Information (Restated Consolidated)
Hindustan Construction Company Limited’s revenue decreased by -8.44% and profit after tax (PAT) dropped by -104.95% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,179.93 | 14,225.18 |
| Revenue | 9,912.33 | 10,826.46 |
| Profit After Tax | -27.84 | 562.74 |
| Amount in ₹ Crore | ||
Objects of the Issue:
The company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
1. Funding long-term working capital requirements of the Company; and
2. General corporate purposes.
Company Contact Information
Hindustan Construction Company Limited
Hincon House,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai 400 083,
Phone: + 91 22 2575 1000
Email: secretarial@hccindia.com
Website: http://www.hccindia.com/