Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HINDUSTAN CONSTRUCTION COMPANY
OUTPERFORMER (RS32, MCAP: RS20BN / US$433M)
• HCC’s execution has bee affected by sluggish order intake in H1FY11 and slow progress of projects in Andhra
Pradesh and Jammu & Kashmir.
• Execution of the J&K projects (mainly Kishanganga HEP) has lately improved with significant improvement in
working conditions. HCC has also commenced work on the NH-34 road project in West Bengal.
• The company expects order flows of Rs50bn-60bn in FY11, with orders worth Rs27.7bn bagged in 9MFY11. It is an L1
bidder for orders worth Rs15bn.
• HCC’s debt has increased due to high working capital levels, which in turn is a result of receivables/ claims worth
Rs15bn-16bn.
• As regards the Lavasa project, HCC is in the process of submitting details required by the MoEF. The next hearing is
on 10 March 2011.
• HCC recently signed an agreement with VINCI Construction Grands Projects (VINCI) for cooperation in the power,
water, transportation and infrastructure sectors. The partners are targeting the proposed 2x 1650MW EPR nuclear
reactor of Areva, France, in Jaitapur in Ratnagiri, Maharashtra. VINCI is already engaged in the development of the
EPR programme with Areva France.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HINDUSTAN CONSTRUCTION COMPANY
OUTPERFORMER (RS32, MCAP: RS20BN / US$433M)
• HCC’s execution has bee affected by sluggish order intake in H1FY11 and slow progress of projects in Andhra
Pradesh and Jammu & Kashmir.
• Execution of the J&K projects (mainly Kishanganga HEP) has lately improved with significant improvement in
working conditions. HCC has also commenced work on the NH-34 road project in West Bengal.
• The company expects order flows of Rs50bn-60bn in FY11, with orders worth Rs27.7bn bagged in 9MFY11. It is an L1
bidder for orders worth Rs15bn.
• HCC’s debt has increased due to high working capital levels, which in turn is a result of receivables/ claims worth
Rs15bn-16bn.
• As regards the Lavasa project, HCC is in the process of submitting details required by the MoEF. The next hearing is
on 10 March 2011.
• HCC recently signed an agreement with VINCI Construction Grands Projects (VINCI) for cooperation in the power,
water, transportation and infrastructure sectors. The partners are targeting the proposed 2x 1650MW EPR nuclear
reactor of Areva, France, in Jaitapur in Ratnagiri, Maharashtra. VINCI is already engaged in the development of the
EPR programme with Areva France.
No comments:
Post a Comment