The company had clocked a loss of Rs 883.18 crore in the corresponding quarter of 2018-19, it said in a regulatory filing to the BSE.
The share touched its 52-week high Rs 16.60 and 52-week low Rs 6.31 on 27 March, 2019 and 23 August, 2019, respectively.
Total turnover in the quarter under review was at Rs 1,075 crore against Rs 1,102 crore in the year-ago period.
The debt/asset carve-out, which will be in the nature of a slump sale, is subject to lenders' final approvals.
HCC's share in the JV is 75 percent (i.e. Rs 367 crore) and the work is expected to be completed in three years, company said.
The company will now be in a position to execute awards amounting to around Rs 1,584 crore.
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.