Established in: 1926
Managing director: Arjun Dhawan
Hindustan Construction Company Limited (HCC) is a leading infrastructure development company in India, known for executing complex engineering projects across the country.
The company is engaged in high-value projects for transportation, power, marine, oil and gas pipeline construction, irrigation, water supply and urban infrastructure development.
HCC also undertakes various construction and engineering works for hydropower projects and nuclear power projects. The company also completed several projects like the construction of dams, barrages, tunnels and power houses.
The company has built around 26% of the country's hydropower capacity, more than 60% of nuclear power generation capacity and 4,036 lane kilometres of highways and expressways. It has also constructed 395 bridges and 360 km of intricate tunnelling across the country.
Hindustan Construction Company's major projects include the Mumbai Coastal Road Project, Kolkata Metro Rail, Mumbai Metro Line 3, Delhi Metro, the Rajasthan Atomic Power Project, the Integrated Nuclear Recycle Plant for Bhabha Atomic Research Centre (BARC) at Tarapur and Bistan Lift Irrigation in Madhya Pradesh.
In recent years, HCC faced financial difficulties due to debt and delayed payments. Despite that, the company has been restructuring its balance sheet and focusing on asset monetisation. Today, HCC continues to contribute to infrastructure growth by taking on projects across India.
History of Hindustan Construction Co. Ltd
HCC Limited was established in 1926 by visionary industrialist Seth Walchand Harichand. The company quickly gained recognition for accepting engineering projects at a time when India’s infrastructure was in a developing phase.
Over the years, HCC contributed to iconic projects like constructing Maharashtra's first dam post-independence, the Vaitarna Dam, in 1954. The Sone Barrage, India’s first barrage in Bihar in 1966 and also the world’s longest barrage, the Farakka Barrage in West Bengal, in 1971.
HCC also constructed India’s largest water treatment plant in Mumbai (1983), Bandra Worli Sea Link in Mumbai (2009) and the country’s longest rail-cum-road bridge, the Bogibeel Bridge in Assam (2018).
Business Segments of HCC Limited
The company operates across some of the most crucial infrastructure segments in India. Here’s a breakdown of its core businesses:
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Engineering and Construction: The company's main business segment is the construction and execution of infrastructure projects like dams, tunnels, highways, bridges, metro rail and nuclear power related structure.
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Infrastructure for Transportation: Construction of roads, expressways, flyovers, rail corridors and metro projects for the central and state governments.
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Hydropower Projects: The company actively contribute in the development of irrigation systems and hydroelectric power projects.
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Urban Infrastructure: The company also takes on projects related to metro stations, underground works and transit systems in urban areas.
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Real Estate: Through its subsidiaries and joint ventures, HCC also takes on residential and commercial development projects.
Revenue Model
Hindustan Construction Company mainly earns revenue by executing long-term infrastructure contracts given by the government or public sector companies. The majority of its revenue comes from project-based EPC contracts, and payments are based on the work completed.
In addition, the company also generates cash flows through asset monetisation, including real estate projects and stake sales in subsidiaries or joint ventures.
Subsidiaries of HCC Limited
The subsidiaries of Hindustan Construction Company are as follows:
Steiner AG: HCC acquired a majority stake in Steiner AG, Switzerland's second-largest total services contractor, in May 2010. Steiner specialises in the construction and renovation of new buildings and offers services in real estate development.
HCC Infrastructure: HCC Infrastructure Co Ltd is a prominent infrastructure developer dedicated to building and managing premium assets within transportation sectors.
HCC Concessions Limited: HCC Concessions Ltd., a subsidiary of HCC, finalised the sale of Baharampore-Farakka Highways Limited to Cube Highways and Infrastructure V Pte Ltd in March 2023.
HCC Limited Financial Performance (FY25 vs FY24)
Revenue: HCC Limited reported consolidated revenue of ₹5,726.57 crore in FY25 vs ₹7,139.75 crore in FY24. It showed a decrease of -19.79% on a yearly basis.
Operating Profit: The company reported an operating profit of ₹523.16 crore in FY25 vs ₹777.63 crore in FY24. It showed a decline of -32.72% on a year-on-year basis, indicating that the company's operating profit remained under pressure.
Net Profit: HCC Limited reported a net profit of ₹112.63 crore in FY25 compared to ₹478.16 crore in FY24. It showed a decrease of -76.44% on a yearly basis, indicating a negative performance.
HCC Financial Highlights
- Revenue: HCC reported revenue of ₹4,080.94 crore in FY26 vs ₹5,726.57 crore in FY25. It showed a decrease of 28.74% on a yearly basis.
- Operating Profit: HCC reported an operating profit of ₹222.97 crore in FY26 vs ₹523.16 crore in FY25. It showed a decrease of 57.38% on a year-on-year basis.
- Net Profit: HCC reported a net profit of ₹165.52 crore in FY26 vs ₹112.63 crore in FY25. It showed an increase of 46.96% on a yearly basis.
HCC Quarterly Result Highlights
- HCC reported revenue of ₹1,055.50 crore in Jun 2026, compared with ₹1,017.51 crore in Mar 2026, representing an increase of 3.73% on a quarter-on-quarter (QoQ) basis.
- HCC reported an operating profit of ₹74.40 crore in Jun 2026, compared with ₹91.96 crore in Mar 2026, representing a decrease of 19.10% on a quarter-on-quarter (QoQ) basis.
- HCC reported a profit of ₹51.08 crore in Jun 2026, compared with ₹58.94 crore in Mar 2026, reflecting a decrease of 13.34% on a QoQ basis.
- The earnings per share (EPS) of HCC stood at ₹0.75 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
