The standalone total income of the company during the March quarter dropped to Rs 1,347.86 crore from Rs 1,511.47 crore in the year-ago period.
The NGT had slapped the fines after the project proponents were found dumping soil in Chenab and Tawi rivers.
HCC said it will utilise the amount to prepay debt of Rs 1,250 crore, including its entire term loan of Rs 942 crore which is due in the next 3 years and Rs 308 crore of OCDs
HCC's arbitration exposure stood at around Rs 3,800 crore. Its gross debt was at Rs 3,490 crore as of December 2018.
Total income during October-December 2018 fell to Rs 1,125.9 crore from Rs 1,293.01 crore in the year-ago period.
The company had posted a profit of Rs 11.60 crore during the same quarter a year ago, the company said in BSE filing.
"HCC's share in the joint venture (JV) is 55 percent (Rs 1,169 crore) and the project is to be completed in four years (48 months)," the company said in a BSE filing.
"The rights issue will be for an overall amount not exceeding Rs 500 crore and shall be in accordance with SEBI regulations," the filing said.
Lavasa is hopeful of a comprehensive solution for its debt recast once the revised framework is deliberated to the satisfaction of all involved.
Mitessh Thakkar of mitesshthakkar.com suggests selling Ambuja Cements and HCC.
Edelweiss is bullish on Hindustan Construction Company has recommended buy rating on the stock with a target price of Rs 55 in its research report dated November 03, 2017.
The highway authority said that these companies have failed to fulfil the criteria and were unable to execute the projects awarded to them between 2015 and 2017.
The contract is for construction of nine elevated metro stations. The total length of Pune Metro-phase 1 is 32 km.
Infrastructure major Hindustan Construction Company's standalone net profit nosedived by 49.74 percent to Rs 11.60 crore for the quarter ended on September 30, 2017, compared to that of Rs 23.08 crore in the same quarter of last fiscal.
According to Prakash Gaba of prakashgaba.com, we are back into consolidation as expected with crucial support for the Index at 10028-9996 and the resistance at 10138-10150. On the other hand, Bank Nifty has support at 24800 and resistance at 25100.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell HCC, Suzlon Energy, BHEL and PNB and buy Century Textiles.
The contract is for construction of 93 MW (3x31 MW) New Ganderbal hydro power project on Sind River in central Kashmir on EPC basis. The work is to be completed in 48 months.
The work includes construction of nuclear safety complaint structures for fuel processing plant for fast breeder reactors and allied facilities including civil, electrical and mechanical works.
Edelweiss is bullish on Hindustan Construction Company has recommended buy rating on the stock with a target price of Rs 55 in its research report dated August 03, 2017.
The contract is for the construction of a 6.340 km long elevated corridor and five elevated stations between HSR Layout station and RV Road station, and the project is expected to be completed in 36 months, HCC said in a release.