Company Background and Overview
Describe HCC Limited as an organization?
HCC is a business group of global scale developing and building responsible infrastructure through next practices. With an engineering heritage of nearly 100 years, HCC has executed a majority of India's landmark infrastructure projects, having constructed 25% of India's Hydel Power generation and over 50% of India's Nuclear Power generation capacities, over 3,364 lane km of Expressways and Highways, more than 207 km of complex Tunneling and over 324 Bridges. HCC’s landmark projects include the Bandra Worli Sea Link, Mumbai − India's first and longest open sea cable-stayed bridge; the Kolkata Metro, Farakka Barrage and India's largest nuclear power plant at Kudankulam - Tamil Nadu, to name a few. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. HCC is also developing Lavasa City, a planned hill city and one of India’s largest urban development and management initiatives. The HCC has a group turnover of Rs 8,510 crore.
Which are the key areas of operations of HCC?
HCC undertakes projects in hydel and nuclear power, transportation, water and irrigation. Till date the company has built
- Over 25% of India’s hydel power capacity of which around 70% is built in difficult Himalayan terrain
- Some of the largest water supply / irrigation contracts with extensive experience in tunnel construction also using Tunnel Boring Machine (TBM) in congested urban areas
- Over 3,300 lane kilometers of expressways and highways
- Over 320 bridges, sea links, elevated roads
- India’s first & second Metro Railways in Kolkata and Delhi as well as major railway tunnels that include India’s longest transportation tunnel - Pir Panjal Tunnel - in Jammu and Kashmir.
- More than 50% of India’s nuclear power installed capacity including India’s largest and first pressurized light water nuclear power plant at Kudankulam, Tamil Nadu
How is the business of the HCC Group organized?
The HCC Group of companies comprises of HCC Ltd, Lavasa Corporation Ltd, HCC Infrastructure Co. Ltd, and Steiner AG in Switzerland.
What are the operations of HCC’s subsidiary companies?
Lavasa Corporation Ltd: In response to the Government of Maharashtra's invitation to develop a new hill station, HCC has invested around 68.7% through HCC Real Estate Ltd in Lavasa Corporation. Lavasa is one of the largest urban developments in India. The city master plan has won four international awards for new urbanism & landscape planning. It will be an inclusive city where people will live, work, learn and play in harmony with nature
HCC Infrastructure Co. Ltd is engaged in the creation and management of assets in the areas of Transportation, Power, Water and Social Infrastructure. Since its inception, the company has grown its portfolio to Rs. 6900 crores in 2011-12. HCC Infrastructure's current assets under management include seven NHAI road concessions, of which three are operational.
- Steiner AG: Headquartered in Zurich, Steiner AG is the second largest total services contractor in Switzerland. In May 2010, HCC took a controlling stake (66% equity stake) in this company. Steiner AG specializes in the turnkey development of new buildings and refurbishments. With a heritage of 95 years, primarily in the European market, Steiner AG has several landmark works to its credit.
As a company that believes in creating responsible infrastructure, how important is CSR to HCC? Could you list out a few CSR Initiatives undertaken by HCC?
HCC has a long-standing commitment to ’Responsible Infrastructure’ wherein social commitment and environmental responsibility are integral components of its business goals. As HCC executes some of the largest and most challenging projects in the country, the company also endeavors to adopt sustainable practices that serve the well-being of the community - both in the immediate vicinity of its work operations and also beyond.
- As per international best practices, every year HCC reports its sustainability progress to the Global Reporting Initiative (GRI), towards fulfilling its goals of achieving water neutrality, minimizing construction waste, zero-reportable injuries for employee health and safety, and the development initiatives for the communities the company operates in. All four reports for the year 2009-10, 2010-11, 2011-12 and 2012-13 have been categorized by the GRI with Application Level Check A+.
- Disaster Relief and Response: HCC is a member of the Disaster Resource Partnership (DRP), an initiative of the World Economic Forum (WEF) founded by major global engineering and construction (E&C) firms that provide trained personnel, know-how and equipment that could be of critical importance in saving what could be saved when disasters occurred, and in rebuilding afterwards. HCC drives this initiative in India in form of DRN India, a private sector network that proactively promotes hiring of E&C companies in disaster response.
- Water Sustainability: HCC has made reduction of water use across its construction project sites a priority, and beginning in 2008, HCC adopted a rigorous, company-wide framework for improving water resource management under the aegis of United Nations Global Compact (UNGC)’s “The CEO Water Mandate”. HCC is signatory to UN Global Compact initiatives and Member of TERI - World Business Council on Sustainable Development
- HIV/AIDs awareness: HCC has formulated the HIV/AIDS Workplace Policy and adopted a Workplace Intervention Programme (WPI) that focuses on prevention programmes and zero tolerance of stigma and discrimination at the workplace. We conduct prevention, education and awareness training to reduce the spread of new infections amongst migrant workers, creating a supportive and safe environment for workers and preventing discrimination.
- Community Development: With an objective to provide services that will improve their quality of life, we actively involve communities and take up programs which are affecting their lives. It is a process based on empowering communities with skills, knowledge and experiences which can help them in deciding the programme best suited for their benefit, thus enabling them to fully participate in a truly democratic way.
- Education: Mr. Ajit Gulabchand, CMD, HCC has been investing in technical education and skills enhancement through training and technical institutions in the country such as: Walchand College of Engineering in Sangli and NICMAR in Pune. He has also been appointed Chairman of the Construction Skills Development Council (CSDC) – the Sector Skill Council for the construction sector approved by the National Skill Development Corporation, a Public Private Partnership of the Union Ministry of Finance.
Besides, he has started Christel House Lavasa for the economically disadvantaged sections of society to enrich their lives by imparting quality education and not just providing financial assistance. Learning is an important tool to inculcate self sufficiency in these young children and from helpless dependents, make them part of the mainstream, as contributing members of their societies. The school caters to children from local villages in and around Lavasa. The school which commenced its academic year in July 2010 has enrolled over 300 students and provides education, nutrition and healthcare to children from the villages at Lavasa.
- What training programs are organized by HCC for its employees?
HCC conducts technical training programs for civil, mechanical and electrical engineers, functional training programs for civil, mechanical, electrical and electronics engineers, development programs for officers at all levels, and generic programs. The company also conducts training on critical workman trades, and special programs on safety.
What is the composition of the board? What are the different committees?
The Board of Directors of HCC is comprised of the following members:
- Ajit Gulabchand - Chairman and Managing Director
- Rajas R. Doshi
- Ram P. Gandhi
- Prof. Fred Moavenzadeh
- Ram P. Gandhi
- Sharad M. Kulkarni
- Nirmal P. Bhogilal
- Anil C. Singhvi
- Dr. Ila Patnaik
- Rajgopal Nogja - Group Chief Operating Officer and Whole-time Director (w.e.f May 3, 2013)
- Arun V. Karambelkar - President & Whole-time Director
The different board committees are as follows: Audit Committee, Shareholders / Investors Grievance Committee, Remuneration Committee, ESOP Compensation Committee and Executive Committee of the Board
Registrars and Share Transfer Agent
On which Stock Exchanges are HCC equity shares listed?
NSE And BSE
Are HCC’s Investor Kit and Investor Presentation available to retail investors?
You can get access to both .
Whom can the investors contact, with respect to their questions or requests?
Investors can contact the Registrars with respect to any queries or they may also contact the Investor Relations Officer of the Company at the Registered Office
Ms. Mary George
TSR Darashaw Limited
Unit: Hindustan Construction Co Ltd
6-10 Haji Moosa Patrawala Industrial Estate
20 Dr. E Moses Road
Mahalaxmi Mumbai – 400 011.
Fax: +91-22-6656 8494
E-mail : email@example.com
website : www.tsrdarashaw.com
Investor Relations Officer
Mr. Pankaj Bahal / Mr. Santosh Kadam
Hindustan Construction Co. Ltd
Hincon House, 11th floor, 247Park,
LBS Marg, Vikhroli (West), Mumbai-400 083