It has recorded an exceptional loss of Rs 84.5 crore on account of conciliating an NHAI award in order to generate immediate liquidity for its operations.
During the quarter, HCC also completed the 100 per cent sale of Farakka-Raiganj Highways Limited (FRHL), a subsidiary SPV of HCC Concessions Ltd and one of the largest public-private partnership projects in India, to Cube Highways and Infrastructure II Pte Ltd for an enterprise valuation of Rs 1,508 crore.
HCC's registered order backlog stood at Rs 18,995 crore at the end of Q2 FY21, it said.
"Three projects worth Rs 7,402 crore were won in a joint venture in July and August; HCC's share being Rs 3,337 crore. This included a Rs 1,900 crore NHAI order to construct a 22 km highway link between Jharkhand and Bihar, a Rs 4,167 crore contract for Bhadbhut barrage in Gujarat and Rs 1,335 crore Rail Vikas Nigam order to construct 8.04 km BG rail line between Rishikesh and Karanprayag in Uttarakhand," the company said.
No comments:
Post a Comment