With reference to news Item appearing in leading financial daily titled "Deutsche Bank picks 5% in HCC's Pune realty project for Rs 500 Cr" regarding Lavasa Corporation, a real estate project promoted by Hindustan Construction Company Ltd (HCC), the Company has clarified to BSE that the news published is incorrect.
However, LAVASA Corporation Ltd, which is subsidiary of HCC's subsidiary, is in the process of raising funds including equity. Towards this purpose, LAVASA is in discussion with various Bankers.
Showing posts with label HCC. Show all posts
Showing posts with label HCC. Show all posts
October 19, 2007
HCC clarifies on Pune realty project
September 24, 2007
Hindustan Construction Company
Hindustan Construction Company Ltd has informed that Alpine-Samsung-HCC JV i.e. Alpine Mayreder Bau GMBH (ALPINE) — Samsung Corporation (SAMSUNG) and the Company has been awarded a contract for Design and Construction of Two Underground Stations and Tunnel between New Delhi Station and Talkatora Garden, from Delhi Metro Rail Corporation
Lid, New Delhi.
The value of the contract is Rs 693.61 Crore plus Euros 1.457 Crore. The total value of the contract in INR is Rs 774.64 Crore. The Company's share in the total value of the contract is 33% i.e. Rs 255.63 Crore.
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