About Hindustan Construction Company Ltd.

Hindustan Construction Company Ltd. (HCC), incorporated in 1926, is an Indian engineering and construction company focused on complex infrastructure across transportation, hydropower, water, and urban development projects, with a long history of executing large, technically challenging works in India and overseas as reflected in its consolidated segment disclosures and joint operations roster as of March 31, 2025. HCC operates primarily in India with overseas assets following divestments, and reported total consolidated assets of Rs 8,088.33 crore with assets in India of Rs 6,871.93 crore and outside India of Rs 1,216.40 crore as of March 31, 2025.

HCC’s business spans Engineering & Construction, Infrastructure and Real Estate, supported by subsidiaries including HCC Infrastructure Company Ltd., HCC Mauritius Enterprises Ltd., Panchkutir Developers Ltd., HRL Township Developers Ltd., Maan Township Developers Ltd., Highbar Technologies Ltd., and others as listed in the consolidated scope note as of March 31, 2025. The group had 22 subsidiaries considered in consolidation during FY 2024–25 (with several exits/deconsolidations noted), 5 associates and 1 joint venture considered via equity method, and 9 joint operations audited by other auditors, reflecting a diversified structure across India and select international entities as of March 31, 2025. 

Key milestones in FY 2024–25 included a Qualified Institutions Placement of Rs 600.00 crore, redemption of Rs 52.50 crore NCDs, and a Zurich court-approved scheme resulting in the divestment of Steiner AG and related entities on December 20, 2024, reshaping the group’s international footprint. HCC’s equity is listed on BSE and NSE, with CIN L45200MH1926PLC001228 and registered office at Hincon House, Vikhroli (W), Mumbai; dematerialisation stood at 99.80% of equity shares as of March 31, 2025.

Hindustan Construction Company Ltd. Business Segment

• Engineering & Construction: Segment revenue Rs 5,257.28 crore in FY 2024–25; segment result Rs 324.71 crore; segment assets Rs 7,532.07 crore; segment liabilities Rs 6,793.39 crore.

• Real Estate: Segment revenue Rs 390.10 crore; segment result Rs 329.44 crore; segment assets Rs 64.79 crore; segment liabilities Rs 21.80 crore, with prior year numbers reflecting impact of Steiner group deconsolidation.

• Infrastructure: Segment revenue Rs 163.55 crore; segment result Rs 15.66 crore; segment assets Rs 442.51 crore; segment liabilities Rs 74.13 crore.

• Others: Segment revenue Rs 3.18 crore; segment result Rs 17.42 crore; segment assets Rs 48.96 crore; segment liabilities Rs 293.31 crore.

Domestic vs. International (consolidated assets, location basis, March 31, 2025)

• India — Rs 6,871.93 crore (85.0%)

• International — Rs 1,216.40 crore (15.0%)

Hindustan Construction Company Ltd. Key Management

• Ajit Gulabchand — Chairman

• Arjun Dhawan — Executive Vice Chairman

• Jaspreet Singh Bhullar — Managing Director & Chief Executive Officer

• Girish Gangal — Chief Financial Officer

• Nitesh Kumar Jha — Company Secretary

• Mahendra Singh Mehta — Independent Director; Audit Committee Chairman
  

Latest Updates on Hindustan Construction Company Ltd.

• Raised Rs 600.00 crore through a Qualified Institutions Placement; 13,95,02,441 equity shares allotted at Rs 43.01 per share; net proceeds Rs 566.88 crore with utilisation for loan repayment Rs 190.00 crore, working capital Rs 150.00 crore, and general corporate purposes Rs 22.81 crore; unutilised as of March 31, 2025 was Rs 204.07 crore.

• Zurich District Court approved a scheme for Steiner AG under moratorium leading to divestment of Steiner AG and its subsidiaries and associates to Uniresolv SA on December 20, 2024; Steiner India Ltd. divested; Steiner Eagle AG transferred and subsequently acquired by HCC Mauritius entities via share swap, making Steiner Eagle AG a direct subsidiary of HCC Mauritius Enterprises Ltd./HCC Mauritius Investment Ltd..

• Redeemed 525 NCDs of Rs 10,00,000 each aggregating Rs 52.50 crore at a coupon of 0.01% p.a. during FY 2024–25; no new debentures issued in the year.

• Allotted 1,85,874 equity shares on April 13, 2024 upon ESOP exercise at Rs 13.45 per share; 82,71,402 ESOP options available for grant as on March 31, 2025.

• Executed transfer of Raiganj-Dalkhola Highways Ltd. out of HCC Infrastructure Company Ltd., with RDHL ceasing to be a step-down subsidiary effective February 14, 2025 pursuant to a scheme within the group infrastructure portfolio.