Financial Daily from THE HINDU group of publications
Saturday, Jul 24, 2004
Financial Daily from THE HINDU group of publications Saturday, Jul 24, 2004 |
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Corporate Results
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Real Estate & Construction HCC net increases 29 pc Our Bureau
MUMBAI: Hindustan Construction Co Ltd has reported a 29 per cent increase in net profit in the first quarter of the current fiscal to touch Rs 13.21 crore. The turnover rose 53 per cent to Rs 380 crore. In the last fiscal, the company had achieved its highest-ever turnover of Rs 1,171.4 crore, with a net profit of Rs 35.67 crore. The company, which has a balance order-book position of Rs 4,214 crore, is expected to complete the Rs 900-crore Delhi Metro project seven months ahead of schedule. HCC, in a joint venture with Kumagaigumi of Japan and Skanska of Sweden, is building the first four modern, air-conditioned underground stations of the Delhi Metro, which will be open to the public in December.
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