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Hindustan Construction net increases 22 percent
Friday, 24 July 2009, 22:31 IST
Mumbai: Operating profits of construction major Hindustan Construction Co (HCC) rose 22 percent to 
112 crore for the first quarter this fiscal, as compared to 91 crore posted in the year-ago period.
The company's turnover increased 8 percent to a little over 964 crore from 895 crore in the corresponding period the previous fiscal, the company said in a regulatory statement Friday.
"HCC has shown robust growth despite the economic slowdown. We expect substantial increase in the order book given the increased government focus on infrastructure development in the coming months," said HCC chairman and managing director Ajit Gulabchand.
HCC's order book improved 50 percent to 15,412 crore.
Source: IANS
112 crore for the first quarter this fiscal, as compared to 91 crore posted in the year-ago period.
The company's turnover increased 8 percent to a little over 964 crore from 895 crore in the corresponding period the previous fiscal, the company said in a regulatory statement Friday.
"HCC has shown robust growth despite the economic slowdown. We expect substantial increase in the order book given the increased government focus on infrastructure development in the coming months," said HCC chairman and managing director Ajit Gulabchand.
HCC's order book improved 50 percent to 15,412 crore.
Source: IANS