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Hindustan Construction Company
BSE: 500185|NSE: HCC|ISIN: INE549A01026|SECTOR: Construction & Contracting - Civil
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Company History - Hindustan Construction Company
EVENTS
 1926 - The Company was Incorporated as a public limited company. 
 The
        Company's objects Engineering and construction.  The Company
        undertakes the construction of tunnels, railway bridges and
 other
        large scale construction work of all kinds.
 
 1948 - In May, 24,000 Bonus Equity shares issued in prop. 2:1.
 
 1962 - 36,000 Bonus equity shares issued in the prop. 1:1.
 
 1966 - 1,08,000 Bonus Equity shares issued in the prop. 3:2.
 
 1967 - Walchand Tandur Cement Co. Ltd., Hyderabad became a subsidiary
 of
        the Company with effect from 11th October.
 
      - 72,000 Bonus Equity shares issued in the prop. 2:5.
 
 1972 - 8 1/2% debentures in three series of the value of Rs.60
 lakhs,
        Rs.25 lakhs and Rs.35 lakhs were issued and allotted to
 ICICI,
        LIC and UTI respectively.
 
 1976 - The Ganga Bridge Construction Co. Ltd., became subsidiary of
 the
        Company on 30th March.
 
 1983 - 25,20,000 Bonus Equity shares issued in prop. 1:1 in
 December.
 
 1984 - During March, the Company issued 15% non-convertible
 debentures 
        for Rs.6 crores on rights basis.  Subscription to the extent
 of 
        Rs.10 crores were retained.  Allotment was made in September.
 
      - 12,60,000 No. of equity shares offered at par for public 
        subscription during March.  Arrears Rs. 2,000.
 
 1985 - The company with necessary approvals, disposed of its entire 
        investments in Walchand Tandur Cement Co., Ltd. at par to one
        of its associates Walchand Industries, Ltd.  Subsequently,
        effective from 20th June, 1986, Walchand Tandur Cement Co.
 Ltd.
        ceased to be its subsidiary.
 
      - UTI agreed to extend the date of redemption of these
 debentures
        by a period of 7 years from July at an increased rate of
        interest of 15% with a prem. of 5% on redemption.
 
 1986 - The Company entered into foreign consultancy agreements with 
        Pullman Power Products International Corporation, U.S.A and
        Interform, Sweden for its Trombay chimney works.
 
      - The name of Ganga Bridge Construction Co. Ltd. was changed to
        HCC Prefabricates Ltd..  However on review, it was once again
        changed to The Ganga Construction, Ltd..
 
 1987 - The Company renewed the technical collaboration agreement
 with
        Taisei Corporation of Japan for execution of the underground 
        tunnel work for Metro railway project in Calcutta.  It
 entered
        into a foreign consultancy agreement with Geoconsult of
 Austria 
        for the Company's tender for construction of tunnel between
        Sewri and Futka Tank in Mumbai for BMC and with Bureau BBR 
        International Ltd., Zurich in Switzerland, for the company's 
        tender for superstructure design and construction of Godavari
        Bridge III in AP.
 
 1988 - The Company's technical collaboration agreement with Taisei
        Corpn., Japan for execution of the underground tunnel work
 for
        the Metro Railway project in Calcutta, came to an end.
 
      - Government gave its approval for the (i) foreign consultancy
        agreements with Geoconsult of Austria for construction of
 tunnel
        between Sewree and Futka tank in Mumbai, (ii) With Bureau RBR
        Ltd. Zurich, Switzerland for work of superstructure design
 and
        construction of Godavari bridge III in A.P.
 
 1989 - On 25th September, the Company proposed to buy the entire
 paid-up
        capital consisting of 10,000 No. of equity shares of Rs.100
 each
        at a price of Rs.138 per share of Vikhroli Metal Fabricators,
        Ltd. (one of the companies of the Walchand group) held by The
        Premier Construction Co., Ltd. so as to make Vikhorli Metal
        Fabrication, Ltd. a subsidiary of the Company.
 
      - Due to lock-out of metro works at Calcutta, inadequate funding
 by
        the client affected the projects like Chandil dam and Icha dam
 in
        Bihar and initial stages of mobilisation of other projects.
 
 1990 - The Company issued 4,90,200 - 12.5% secured redeemable 
        convertible debentures of Rs.80 each of which 24,510
 debentures 
        were offered to employees of the Company (including Indian 
        Working Directors)/workers of the Company (only 5,075
 debentures,
        were taken up).
 
      - The remaining 4,65,690 debentures along with the unsubscribed
        portion of 1,943 debentures of employees quota were offered
 to
        the public.  (only 4,83,624 debentures were taken up).  The
        unsubscribed portion of 1,500 debentures were allotted on
 private
        placement basis.
 
      - Rs.30 (Part A) of the face value of each debenture was to be 
        compulsorily and automatically converted into three equity
 shares
        of Rs.10 each at par on the expiry of 6 months from the date
 of
        allotment of debentures.  Accordingly, 14,70,600 No. of equity
 
        shares were allotted.
 
      - Rs.50 (Part B) of the face value of each debenture was to be 
        redeemed at par in three instalments of Rs.15, Rs.15 and Rs.20
 
        each on the expiry of 7th, 8th and 9th year respectively from
 the
        date of allotment of debentures.
 
 1991 - The Company entered into a joint venture with M/s.
        Impregilo-Italy and submitted tender bid for Nathpa Thakri
 hydel
        project in Himachal Pradesh.  The Contract for road
 construction
        works in the State of Malavi was terminated.
 
      - The Company secured Construction Management Services from
 M/s.
        John Laing International Ltd. U.K.
 
 1994 - The company signed a joint venture with Alfred McAlpine  
        International Ltd., U.K.
 
      - The Company proposed to enter into real estate development 
        business with development of its own property at Vikhorli into
 a
        Corporate Park and Residential Complex.
 
      - Walchand Hindustan Ltd. (Formerly Premier Construction Co.,
 Ltd.)
        the holding company holds 100,28,480 No. of Equity shares out
 of
        a total 200,33,250 No. of equity shares issued by the
 company.
 
 1995 - The Company signed joint venture agreements with M/s. Renong
        Overseas Corporation SDN BHD of Malaysia for Express Highways
 in
        Maharashtra and Gujarat.  M/s. Van Oord ACZ BV of Holland for
        execution of projects under ADB for Ennore Port Development
 in
        Chennai and M/s. John Laing International Ltd. of U.K. for 
        construction managed services for National highway projects.
   
      - The Company issued 45,00,000 - 16.5% secured Redeemable partly
 
        convertible debentures of Rs.200 each for cash at par to
 public.
        Part `A' of Rs.45 was converted into one equity share of
 Rs.10
        each at a premium of Rs.35 per share on the date of
 allotment.
 
      - 77,66,625 bonus equity shares issued in prop. 1:1.  1,425 
        forfeited shares annulled.  45,00,000 shares allotted on
        conversion of debentures.
  
 1996 - There has been a setback in the Mumbai Water Supply Tunnel
 i.e.
        WZO (A) due to failure of the horizontal kelly of the Full
 Faced
        Tunnel Boring Machine which necessitated the repairs at
 Germany
        and five months time was lost before the work could be
 restarted
        in the tunnel.
 
 1997 - The Company signed a Memorandum of Understanding with M/s.
        Bechtel Water Technology U.K., M/s. Hyundai Engineering &
        Construction group, Korea, Sam Sung Corporation, Seoul, Korea
 and
        M/s. PATI SDN BHD, Malaysia for participating in Water Supply
        Projects, Bridge Highway and Hydro-Electric Projects
        respectively.
 
      - The company holds about 4.94 lakh sq ft of land, which it
        proposes to develop into an commercial-cum-entertainment
 complex.
 
 1998 - Credit Analysis & Research Ltd. (CARE) has assigned a RR1+
 (PR
        one Plus) rating to the proposed commercial paper issue of
 USV
        for Rs.5 crores.
 
      - Hindustan Construction Company has obtained the rating for
 PR+
        form CARE for its Rs.10 crore commercial paper issue.
 
      - The company has maintained dividend at the rate of 10 per cent
 on
        its paid up capital.
 
 1999 - Hindustan Construction Company (HCC) has entered into a series
 of
        joint ventures, including ones with Hyundai, Samsung,
 Bechtel,
        and Pati Berhad, to enable it to bid agressively for
        infrastructure projects in the country.
 
      - The company has entered into a joint venture with Hyundai
        Construction and Engineering for the Rs 220-crore
 cable-stayed
        bridge across the Yamuna in Allahabad.
 
      - The company has entered into a joint venture with Pati Berhad,
 a
        Malaysian-based construction giant that has excuted several
        projects in south-east Asia.
 
      - HCC is involved in civil engineering and construction
 activities
        and has a good track record of building bridges, roads and
 power
        plants.
 
      - Hindustan Construction Company Ltd (HCCL) was awarded a
 contract
        for the construction of Icha Dam across the river Kharkai in
 Kuju
        village by the State of Bihar (the defendants).S
 
 2000 - The Company has entered into a tripartite agreement with CDSL
 and
              MCS Ltd., R&T agent of the company for
 dematerialisation.  The
              equity shares have been made live on CDSL from March.
 
           - The joint venture of Hyundai of Korea and Hindustan
 Construction
             Corporation has bagged the contract for construction of
 India's
              first cable stayed bridge across the river Yamuna at
 Naini in
              Allahabad.
 
           - Care has assigned a PR1+ rating to the Commercial Paper
 programme
             of Hindustan Construction Company Ltd. for Rs 150mn.
 
          - The Company has enered into tripartite agreement with
 NSDL, CDSL and MCS
             Ltd. for dematerialisation of shares.
 
          - Hindustan Construction Co. Ltd. has floated an information
 technology subsidiary,
             NCC Infotech Ltd.
 
 2001 - The Company has been awarded a contract by the Delhi Metro
 Rail Corporation Ltd.,
               New Delhi, for the construction of Delhi Metro Rail
 Corridor, Package MC-1A.
 
 2002
 
 -Bags Rs.912.3 million contract from Maharashtra State Road
 Development Corporation Ltd for construction of 4 laning of
 Satara-Kolhapur-Maharashtra.
 
 2003
 
 -Director Mr D M Savur resigns from the Directorship of the company.
 
 -Forfeits 9250 equity shares due to non payment of allotment /call
 monies.
 
 -Reappoints Mr K G T Tendulkar as the Executive Director on the Board
 of the company.
 
 -BOD voluntarily delists the equity shares of the company from the
 Delhi Stock Exchange of the company.
 
 2004
 
 -Hindustan Construction gets Rs 843 crore order for lifting water
 from Godavari river using a single pipeline to fill the tanks at
 Bhimghanpur, Ramappa, Salivagu, Nagaram, Dharmasagar and Ghanpur
 railway station in Andhra Pradesh
 
 -Hindustan Construction Co Ltd (HCC) has bagged an order from the
 National Highways Authority of India to execute a project involving
 four-laning of a 77 km stretch of highway in the Chandikhole-Paradip
 section in Orissa.
 
 - Awards an order of Rs 121 crore for the supply of spiral welded
 pipes to PSL Ltd. to carry out the Godavari Lift Irrigation Scheme
 project for Government of Andhra Pradesh.
 
 2005
 
 -Hindustan Construction Company Ltd has informed that the Company has
 secured its first BOT Project worth Rs 302 million from the office of
 the Executive Engineer, Integrated Unit, PWD
 
 -Hindustan Construction secures a contract worth Rs 2144 mn
 
 -Hindustan Construction Company Ltd has informed that the Company has
 received Notice to Proceed for execution of Restoration of Piers
 Project - King Abdul-Aziz Naval Base, Jubail, Royal Saudi Naval
 Forces, Kingdom of Saudi Arabia.
 
 -HCC gets 'National Award for Fly Ash Utilisation'
 
 -Company has splits its Face value of Shares from Rs 10 to Re 1
 
 2006
 
 -Hindustan Construction Company has bagged the contract awarded by
 National Hydroelectric Power Corporation (NHPC) worth Rs 396 crore
 for construction of the Teesta Low Dam hydroelectric power project in
 West Bengal. Hindustan Construction Company Ltd (HCC) was one of the
 foremost infrastructure building companies in India. 
 
 -Hindustan Construction Company Ltd has informed that the Company has
 been awarded a contract for Rs 3171.10 million from National Highways
 Authority of India, New Delhi for construction of Four Laning of
 National Highway from Km. 126/450 to Km 140/700 and Km. 164/080 to Km
 165/400 (Mailbang to Nrimbanglo) Section of NH-54 in the State of
 Assam - Contract Package - EW-II (AS-23).
 
 2007
 
 -Hindustan Construction signs on Starwood Hotels to Manage Resort,
 Convention Centre at Lavasa Township
 
 -Hindustan Construction gets DMRC contract
 
 2008
 
 -Hindustan Construction bags Rs 340 Crore BOT Project from NHAI to
 construct Badrapur elevated six lane highway
 
 -Hindustan Construction Company Ltd has informed regarding award of
 two new contracts aggregating to Rs 1688.28 Crore from Government of
 Andhra Pradesh, Irrigation and CAD Department.
 
 2009
 
 - Hindustan Construction Company Ltd has received Rs. 276.44 crore
 Pare HEPP order.
 
 -HCC signs two MoUs worth Rs 41.5 K cr with Gujarat government
 
 -HCC Ties Up with AMEC for Independent Nuclear Technology Services
 
 -HCC bags Rs 387.50 Crore order for Dagacchu Hydro Power Plant,
 Bhutan
 
 2010
 
 - The civil works at the Rajasthan Atomic Power Project, Rawatbhata
 will now be done by the Hindustan Construction Company (HCC) as it
 has bagged an order worth Rs 887.92 crore from Nuclear Power
 Corporation (NPCIL).
 
 - HCC Infrastructure (HIL) signed a Memorandum of Understanding (MoU)
 with Orascom Construction Industries (OCI) in order to bid and develop
 large NHAI (road) projects in India.
 
 - Hindustan Construction Company Ltd has informed BSE that HCC-CPPL
 i.e. Hindustan Construction Co. Ltd. (HCC) and Coastal Projects Pvt.
 Ltd. (CPPL) has been awarded a contract for construction of single
 line BG Tunnel No. 12 in between Khongsang-Tupul in connection with
 construction of New Railway Line Project between Jinbham and Tupur in
 Imphal, from North Front Railway.
 
 -Hindustan Construction Company has given the Bonus in the Ratio of
 1:1
 
 2011
 
 - Vizag Cavern Project, Vishakapatnam, India's first strategic oil
 reserve.
 
 - Infrastructure Excellence Award, by CNBC TV18.
 
 - CIDC Vishwakarma Award for 'Best Project'.
 
 - Construction Week Award for 'Roads and Highways project of the
 year'.
 
 - ICI - MC-Bauchemie Award for most outstanding concrete structure of
 the year .
 
 - HCC Ltd. (Hindustan Construction Company Ltd), India’s leading
 Infrastructure Construction and Development Company has been awarded
 an EPC contract by Sardar Sarovar Narmada Nigam Ltd.
 
 - HCC (Hindustan Construction Company), a leading infrastructure
 construction and development company, in a joint venture with Alstom
 is awarded a prestigious contract worth Rs 1843 crore from THDC India
 Ltd (THDCIL) to construct Tehri Pumped Storage Plant.
 
 -Registered Office of the Company has been shifted To Hincon House,
 11th Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West),
 Mumbai-400 083, Maharashtra, India
 
 2012
 
 - Construction Week Award for 'Power Project of the Year'.
 
 - Dun & Bradstreet - Axis Bank Infra Award 2012 for Best Project
 under category 'Power Plants'.
 
 - CIDC Vishwakarma Award for 'Best Project'.
 
 - HCC (Hindustan Construction Company Ltd), a leading Engineering &
 Construction Company, has received a Letter of Acceptance (LOA) for
 an Rs.289 crore contract to construct a bulk water transmission
 system for Gujarat Water Infrastructure Limited.
 
 - HCC (Hindustan Construction Company), a leading infrastructure
 construction and development company in joint venture with Coastal
 Projects Ltd, has been awarded a project by North Frontier Railway.
 
 - HCC (Hindustan Construction Company), a leading infrastructure
 construction and development company has secured its third contract
 worth Rs 373 crore from the Delhi Metro Rail Corporation (DMRC).
Source : Dion Global Solutions Limited
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