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Hindustan Construction credit ratings reaffirmed amid debt management efforts

July 4, 2025 at 02:50 PM UTCBy FilingReader AI

Infomerics Ratings has reaffirmed its ratings for Hindustan Construction Company Limited's (HCC) long and short-term facilities, as well as its Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs). The reaffirmation reflects HCC's established presence in the civil construction industry, a healthy order book worth INR11,852.40 crore that provides revenue visibility, and recent infusions of funds totaling INR950 crore in FY25 through equity and qualified institutional placements. While the ratings recognize HCC's operational and financial performance, they also acknowledge the company's high debt levels, repayment obligations, elongated receivable days, and the competitive industry. Infomerics notes that a significant reduction in debt levels and improved collection days through arbitration could lead to a rating upgrade, while declines in profitability or delays in asset monetization could trigger a downgrade.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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