Hindustan Construction Company announced that Mr. Anil Chandani, Chief Financial Officer and Key Managerial Person of the Company has submitted letter of resignation from the services of the Company with effect from 12th January 2021 due to personal reasons. However, He will continue in his current position as Chief Financial Officer and Key Managerial Person till 15th January 2021.

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Punjab National Bank, Jaiprakash Associates Ltd, Texmaco Rail & Engineering Ltd and Hinduja Global Solutions Ltd are among the other losers in the BSE's 'A' group today, 16 December 2020.

Hindustan Construction Company Ltd crashed 6.37% to Rs 9.85 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 34.2 lakh shares were traded on the counter so far as against the average daily volumes of 30.18 lakh shares in the past one month.

Punjab National Bank tumbled 6.17% to Rs 38.05. The stock was the second biggest loser in 'A' group.On the BSE, 93.77 lakh shares were traded on the counter so far as against the average daily volumes of 59.38 lakh shares in the past one month.

Jaiprakash Associates Ltd lost 4.95% to Rs 7.3. The stock was the third biggest loser in 'A' group.On the BSE, 71.95 lakh shares were traded on the counter so far as against the average daily volumes of 99.2 lakh shares in the past one month.

Texmaco Rail & Engineering Ltd slipped 4.75% to Rs 32.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.77 lakh shares were traded on the counter so far as against the average daily volumes of 2.07 lakh shares in the past one month.

Hinduja Global Solutions Ltd fell 3.90% to Rs 1192. The stock was the fifth biggest loser in 'A' group.On the BSE, 5385 shares were traded on the counter so far as against the average daily volumes of 3528 shares in the past one month.

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The order is for the construction of Single Line BG Tunnels Lot 14A and Lot 15A on a 51.38 km long Bairabi-Sairang New BG Rail line in Manipur. HCC share in the JV is 55% (approximately Rs 130 crore),” the company said in a BSE made today (30 November 2020).

Indian Railways is implementing various projects to improve its network across North-East India. One of the major railway projects, 51.38 Km long Bairabi-Sairang New BG Rail line, is all set to give a massive boost to the rail connectivity in the region, as it will connect Mizoram to the Indian Railways network up to Bairabi railway station, which is the gateway to the state.

The new rail line project includes 32 underground tunnels, 55 major bridges, 87 minor bridges, 16 cut and cover tunnels, 5 road under bridges (RUB), and 5 road over bridges (ROB). The line will cover four railway stations, namely Hortoki, Kawnpui, Mualkhang, and Sairang.

HCC is engaged in engineering and construction activities. It serves the infrastructure sectors of transportation, power and water.

The company reported a consolidated net loss of Rs 476.61 crore in Q2 FY21 as compared to a net loss of Rs 398.10 crore in Q2 FY20. Net sales during the quarter declined by 7.2% YoY to Rs 1810.17 crore.

Shares of HCC slipped 1.20% to end at Rs 5.78 on Friday. On a year-to-date (YTD) basis, the stock has lost 42.54% while the benchmark S&P BSE Sensex gained 7.02% during the same period.

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Hindustan Construction Company in a joint venture with Vensar Constructions Company has been awarded Rs 236 crore orders in two separate contracts from Northeast Frontier Railways for the construction of Single Line BG Tunnels Lot 14 A and Lot 15 A on a 51.38 km long Bairabi-Sairang New BG Rail line in Manipur. HCC's share in the JV is 55% (i.e. Rs 130 crore).

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