Hindustan Construction Company’s net profit at Rs 139 cr in Q2 FY22

12 Nov 2021 CW Team

Hindustan Construction Company (HCC) recorded a net profit of Rs 139.23 crore in Q2 FY22, compared to a net consolidated loss of Rs 476.61 crore in Q1 FY22.

The net consolidated total income of the company stood at Rs 2,848.20 crore during Q2 FY22, with a 56% growth from Rs 1,831.10 crore during Q2 FY21.

The company's total order book stood at Rs 16,632 crore by the end of September 2021.

The company said that it accumulated losses of Rs 3,912.64 crore on 30 September 2021, which resulted in the complete erosion of its net worth. The holding company continues to default on the payment of the lenders, along with costs overdue to operational creditors.

It added that the company's debt resolution plan continues to have support from lenders with continual and ongoing receipt of lender board approval. Delay in implementing the resolution plan resulted in the accrual of higher interest costs during FY22.

HCC is focusing on securing its new orders for business growth to capitalise on the opportunities in the infrastructure sector and expects order acquisition to expand after the resolution plan.

Image Source

Also read: Sobha Limited reports 198% jump in net profit at Rs 48.30 cr in Q2

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..