its subsidiaries, HCC said its Switzerland-based subsidiary, Steiner AG reported a profit of 2.33 million CHF (swiss franc) and a revenue of 194.1 million CHF during the period under review. Besides, Steiner has a total order book of 1.30 billion CHF and yet to be signed contracts of 200 million 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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