These orders will decide the future of the company,” Sood added. We are rethinking over our plan,” HCC Group chief financial officer Praveen Sood told PTI. During 2015-16, HCC secured nine new orders worth Rs.5,764 crore and is the lowest bidder in projects worth Rs.3,701 crore. Sebi approval for the IPO of Lavasa lapsed last November and since the market was not conducive HCC did not proceed with it, CFO Praveen Sood saidMumbai: Hindustan Construction Company (HCC) has put the proposed IPO for its ambitious Lavasa project on the backburner for the third time, citing bad market conditions in the realty sector. In 2014, however, it again filed moved the Sebi with a smaller issue and planned to raise Rs.750 crore through IPO.

Source: Mint May 15, 2016 10:37 UTC