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Hindustan Construction Company Q3 net loss narrows to Rs 38.51 cr

Feb 01 2013, 15:56 IST
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The leading infrastructure firm had reported a net loss of Rs 130.41 crore during the corresponding quarter of the previous fiscal.  (Reuters) The leading infrastructure firm had reported a net loss of Rs 130.41 crore during the corresponding quarter of the previous fiscal. (Reuters)
SummaryThe leading infrastructure firm had reported a net loss of Rs 130.41 crore during the corresponding quarter of the previous fiscal.

CHF.

Lavasa Corporation – another subsidiary of HCC – has signed an MoU with Ashiana Housing for developing and managing in integrated residential project and an agreement with Intercontinental Hotels group to open a 200-room Holiday Inn hotel in one of its 7 cities.

On Dhule Palesner Highway (NH3), which comes under its another subsidiary HCC Infrastructure, the company said it achieved 100 percent completion for phase I of the project and is ahead of schedule for additional 13 km stretch to be completed in FY'15.

Following the results, shares of the company were being traded at Rs 18.50 apiece on the BSE during the afternoon trade, up 3.93 per cent from the previous close.

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